How American Occupation Helped Rebuild Japan After WW2 | Princes Of The Yen

[@hempstonewanjala7007]

Oh my word, this documentary confirms almost everything I thought was causing Japanese, South East Asian and European recessions. Something the author forgot was the plaza accord and its effect on the strengthening of the Japanese yen, which ultimately hastened the bubble expansion and burst. Wish he could research on the performance and recovery of newly independent African economies up to the 80s, and the effects on them due to IMF SAPs and open market economies. Very tragic and would make for an amazing documentary. African nations are poor for very different reasons from what everyone else thinks.

[@SpielkindFR]

Its a travesty in itself to consider most african nations as net debtors while the financial industries keep extracting billions from their economies every year.

[@jbdbean242]

@@SpielkindFR That tidbit leaves out a considerable little detail, that is the significant amount of non-indebted support injected into their economies since forever. Massive engrained corruption sidelined much of that influx, and still does.

[@casteretpollux]

Would you not make a youtube video on this, or is there one already?

[@househomie6128]

@@casteretpollux That is an excellent idea actually.

[@hempstonewanjala7007]

@@jbdbean242 African nations are huge net donors. $90bn leaves these countries as illicit outflows annually, around ⅓ larger than their annual donor plus debt receipts

[@brentdallyn8459]

I remember when the Japanese bought Rockfeller Center, average Americans lost their minds, absolutely outraged that the icon had been sold to Japan. What they didnt know was that as an on going financial concern Rockefeller center was a dog, a total financial dumpster fire. The Japanese were warned away by American real estate companies whom they ignored. In the end of course Japan took a huge loss and everone else got rich

[@CTOInformation]

like the Americans think of the Chinese today.

[@donalduncleusa6552]

@@CTOInformation china is terrorist country

[@streetscienceofficial8675]

Zehahahahahaha very Junkish food America

[@beng4647]

The real joke is they bought it with American tax dollars and was an obvious money transfer.

[@yenawirahma1597]

14:20 "...but the result of the war economy system was that entire industrial sector would compete not for profit but for market share. Companies would fight until bankruptcy to gain market share. This phenomenon would soon recognized and called excess competition. The solution was to create explicit or implicit cartels." Kinda scary considering a lot of current e-commerce company would do the same for market share, especially the Unicorn ones, such as Amazon, Uber, Grab, etc.

[@havebadday7850]

Just eat aswell

[@vimalcurio]

That's why they succeed

[@SkumarC]

@Dingleberry Mcdinglepants food delivery service I think

[@ericcloud1023]

Amazing documentary! Thank you for shedding light on this

[@antonvernooy6186]

This was the best look at the Japanese economy post world war II I've ever seen I like topics like this because there's not that many documentaries discussing the topic so when you find one that has some good and detailed information it's really good

[@imrandewandenim]

See

[@isabelparra8549]

Agree

[@timishere1925]

........ Those are periods.

[@tomdoheny7227]

Yseestedesseeeeseeeeseeeedeeedeseeseseedesyesedyyeseeteedesssedeeeeeesesseedeseessyseesseeseeeseseeseeseedseeseeesseesesseesessseesseeeesssseeeeseseseeseeeeseseeeeeesseese

[@XovStyle]

M

[@luanasuka]

i am a 30 year old living in Japan and i always hear about the "bubble" it is really cool to see what caused it etc. Thanks!

[@Tecknow1]

L Lip my M moulin lol ll lo

[@andrewkathe3471]

I grew up in Japan right after it burst

[@farrellhonda2446]

@@andrewkathe3471 You grew up in Japan? No matter what you think, the Japanese people never accepted you no matter how well you speak Japanese or mingle with the Japanese people. You will always be considered to be a gaining. An outsider who is only tolerated. You never were mistreated but you were never truly accepted. Japan's economy and technology is more advanced than the United States. However, they have a small but well trained army but no nuclear weapons. China would not feel threatened by Japan since the Chinese have 300-500 ICBM's. Japan needs to develop nuclear weapons and greatly expand its armed forces. China would carry out and perhaps succeed where the Mongolian empire failed. The South Koreans also need to develop their own nuclear weapons to protect themselves from China and North Korea. In 2022 and in the future, the world is becoming increasingly unstable after 75 years of relative peace. Russia and China are causing these unraveling of mutually agreed stability. Everyone needs to back down and continually hold talks to establish a normalized relationship as before.

[@chilIychilI]

@@farrellhonda2446 foreign sympathisers shouldn't be allowed on the American internet 🤦🏼‍♂️

[@elvenkind6072]

What's the point of Timeline renaming documentaries and pushing them out in circulation again? This one is "Princes of the Yen".

[@しもねそぷぜろつ]

To generate more ad revenue

[@johnqpublic2718]

Business baby. They bought the rights, and ring in the ad rev. They didn’t rename it. They titled their video as a description of “Princes of the Yen.” Quit hating, clean your room/basement.

[@democracysdoomsday7905]

To get viewers like you.

[@Kitzkrieg]

@@johnqpublic2718 Roflmao "clean your room" I love it brother 🤣

[@jimmyryan5880]

Thats what the channel is

[@jerseylife8701]

AmaZing documentary. Great music and sound work.

[@jbdbean242]

Would be interested in a similar type of documentary regarding the development of post-Soviet Russia's oligarchy.

[@casteretpollux]

Ask Jeffrey Sachs.

[@fluffyhead6377]

There is a decent doc about what happened after soviet collapse and oligarchs I can’t remember what it was called I will try and think.

[@panfarm]

v

[@0xauth]

Not completly similar, but I realy enjoyed watching this aswell: kzbin.info/www/bejne/pX2xfKSYrMqWZtU

[@AceofDlamonds]

Yuri Felshtinsky and David Satter have some useful info there though you may be put off by their accusations against Yeltsin's circle and Putin, though not all their suspicions may be wrong.

[@yokumato]

Very interestinｇ! Thanks for the upload. Now the next step is to find the books by Richard Werner about the topic. Still available on line.

[@lexneuron]

This docu was originally presented at: Princes of the Yen (Documentary Film) (Independent POV, Nov 5, 2014), kzbin.info/www/bejne/pmaklGqXpcSAd7s , to whose captions/subtitles in more than a dozen of languages I contribute one in one of the languages that I have the proficiency of. There is another one you might find rather intriguing and eye-opening as well, also by the same channel, The Spider's Web: Britain's Second Empire (Documentary) ( Independent POV, Sep 14, 2018), kzbin.info/www/bejne/pKHCqp-smJ2NoJo , to whose captions/subtitles in 16 languages so far I also contribute one in one of the languages that I have the proficiency of.

[@yokumato]

@@lexneuron Thanks for the suggestion! I will check it.

[@christophermac6679]

Oh this was absolutely eye opening and painful at the same time

[@Samuelir96]

I like the bit where Japan

[@marietemplin]

I share your view Christopher

[@streetscienceofficial8675]

Ooh Really Dude, you're exagerated

[@patbrady2574]

There are some critical facts left out. After WW2 we learned from WW1 not to leave a country flattened like Europe did to Germany so Japan got huge US support. Because of the rise of communism in the region, the US wanted Japan to be the shining star of capitalism and democracy so MacArthur wrote the Japanese democratic constitution and designed their economic policy giving them a fix currency of 365 yen =$1, zero sales tax, free trade with the US, all export no import policy, open patent laws, technology transfer. Japan was protected by the US military thus spending zero on national defense. Huge capital came to Japan when US military rebuilt Japans infrastructure and put bases all up and down Japan. The Korean and Vietnam wars also brought in huge capital. Chinas economic policy is a carbon copy of Japans. Any patent was open for public view so they cloned everything from the US and Europe. Japan even had a fake McDonalds before they moved to Japan. When Japan exploded in the 80s, they crushed everyone so Ronald Regan then deregulated the Japanese yen thus making the yen triple in value overnight and made Japan 3x as wealthy as well as their land, and led to the Japan bubble popping. Even after the pop, it wasn't overnight. it was a slow process until Bill Clinton brought Japan to its knees in the trade war with the US by driving the yen to 90 = $1 and forced Japan to open up for free trade. It wasn't voluntary by Japan at all. After Japan had to play a fair game you will never see it again and those brilliant finance bankers are no longer so brilliant.

[@secrets.295]

Everything u said was mentioned in the documentary and the book. Lol

[@TheLiquid765]

This might be one of the best documentaries i have ever see. Great work and a noble message.

[@r64g]

Richard Werner, the author of the book which this documentary is based on, also came up the term "Quantitative Easing".

[@mattpourzand3580]

really?

[@fredfish4316]

Didn't know that. Never use it in my economics teaching. Always thought of it as a piece of piece of obscurantist jargon which simply means increasing the supply of money by buying bonds to reduce interest rates.

[@unluckytourist]

Ouch.

[@MrAnperm]

@@fredfish4316 Yes, it definitely seems to be obscurantist jargon. I wonder if that was his intent though.

[@secrets.295]

Yes but his idea of Quantitative Easing was different than what is done today. He proposed the same exact QE that Japan did post WW2. CB purchased bad debt, CB direct banks to lend more towards productive industries like new technology and so on, and CB controlled the amount of lending for consumption. What CB's of the world is doing today is to liquidate the economy for HUMAN CONSUMPTION, especially towards properties. There is something wrong when the Federal Reserves is printing money for BlackRock and direct them to buy literally the entire property of America. When banks are literally bankrupt you have to liquidate them whether you like it or not. Without banks, the whole country would go bankrupt. Unless everybody is willing to live in the woods and hunt for a living then its a different story.

[@johnbrossack3791]

Very interesting and informative treatise on post-war Japanese economics and the evolution of the world-wide involvement of central banks. It would have been helpful if the interviews between Prof Werner and various news presenters and/or other officials were date stamped. In my pinion, it would have been more informative if the viewer knew when these encounters took place.

[@dontcomply3976]

Early to mid 2000s I am guessing

[@benhall5546]

Pl Llp Pop p Ppl0p00 0000000000}000p}0 0p0l00000000000000000pl000000000000pl00000pl0llll Lol 0l0ll0l0l0ll Lpll Play 000000 000000p00l P0p0plppppl Lp0ll))0llpl L00

[@gregoryleberre8909]

@@dontcomply3976 e0u

[@tensevo]

21:32 This is really important.

[@tensevo]

"the system only changes fundamentally if there is a crisis" "monetary policy should be used to promote a historic crisis" "every system has groups that benefit from it" "it is the crisis that convinces citizens and interest groups of the need for change"

[@WARGAMES22]

Dope audio and camera shots

[@seehr]

While watching the documentary I was thinking: It's something very similar to what occured in Spain. Regulators lying about the solutions that were needed because they had a deep and hidden interest. And right when you started talking about European Union I knew Spain was going to be mentioned. This was a great documentary and sadly showcases how corrupt and putrid our world is.

[@aristeon5908]

Maybe so, but why do voters fall for the tricks of con artists? I often talk about the fallacies of the neoclassical economic model with people who are uninterested, or repeat the talking points of neoclassical ideologues. Many voters also scapegoat immigrants or focus on cultural issues and are not interested in learning about economic history.

[@j4genius961]

@@aristeon5908 "Democracy means government by the people for the people...But the people are retarded" you should watch that short clip, it's pretty funny and sadly a very accurate description of our society.

[@jarehelt]

Not the world, just the banking systems. They lend out money that doesn't exist and charge interest on it. It is nothing less than modern serfdom and legalized fraud

[@wilhelmschneider891]

@@jarehelt Usury should be a crime.

[@jarehelt]

@@wilhelmschneider891 Unfortunately usury is underdefined in modern economics. It is usually defined as any excessive interest, but what are we to think of institutions that charge interest on money they don't have? Surely charging interest on nothing is the Supreme instrument on usury even if the interest rate is low. I propose usury to be defined as any interest charged on fraudulent contracts, and That should absolutely be illegal.

[@koffypr1]

Wow One of the best documentary. This should be in classrooms.

[@DerDop]

This is gold.

[@MoneyMacro]

Great docu, loved the book, especially for the institutional details. Although, I think that it falls into the trap a little bit of seeing conspiracies where there is more likely stupidity.

[@fredfish4316]

Hanlon's Razor is indeed more probable.

[@alexanderphilip1809]

@@fredfish4316people want a diabolical cabal of villians regardless of what the actual truth maybe.

[@alexanderphilip1809]

Also this is pretty much the same format for growth used by the chinese, they learned that from the Japanese and the Singaporeans.

[@togowack]

@@alexanderphilip1809 If the Rothschild and Rockefeller families are not mentioned firstly in these documentaries then they are a falsehood.

[@philipbonner2287]

ErtetstetetuTStdttsf tf y fyf you utd ydtd yd td tdus uotfa iogatra u ad fto ydotir ttyuyyi t to ttteeythe tiet

[@mariejules1130]

Hello everyone thanks for having me it's my pleasure to meeting you guys. 😊

[@AngelGonzalez-yb6gu]

This proves that a centralized economic system, similar to those used by fascist nations, can be better than a wild free market model. It is actually good to have some strong cartels to weight on each other, like unions to counter large industries and so on or the central bank working along private banks to help the productive sector. Just look on how fast Japan recovered after WWII, the Korean miracle after the 60s or the Chinese economic boom after 1979, all this countries have a strong intervening central Government with a heavily regulated banking sector.

[@jbdbean242]

Again, they had a LOT of help. Also doesn't hurt to have someone else guarantee peaceful stability and pay for it, too.

[@casteretpollux]

The fascist governments came out of crisis..to at all costs keep capitalism going.

[@jaquino451]

The japanese stole a lot of gold from then people they conquered and poured back in the japanese economy. The 🇺🇸 helped them.

[@casteretpollux]

There has never in history a market of privately-owned firms that is a true 'free market". Nations and international cartels have always intervened. Facism is a system of last resort for capitalism, with stripping off of civil and human and trade union rights. It ends in war, which it can't win as it has lost popular support.

[@ci6516]

Chinese people still live in poverty have very low literacy rates . Korea and Japan accepted mainstays of capitalism in one fashion or another .

[@toromei]

Fantastic film! And…those freaking otters, at key points in the narrative - some kind of metaphor? :O

[@Hobbes4ever]

So there was no denazification-like process in post-war Japan. No wonder Tojo's granddaughter claimed that there were no war criminals in her country. The Asian tiger economies were Singapore, Hong Kong, South Korea and Taiwan (RoC)

[@jbdbean242]

There is little to no information or education regarding Japan's initiation of WWII much less the widespread atrocities committed by them. Tojo's granddaughter isn't alone in her spin. Just remember that much of Asia was falling to Communism post WWII - due in great part to the instability created by the Japanese invasions, and the USSR was right next door. That is never out of the minds of any re-builders and policy makers.

[@spiralfractr]

Richard Werner - 100 times... We have an opinion piece everyone.

[@nathanchildress5596]

Opinion is truth when the facts support it. Or do you have evidence that contradicts what’s presented here?

[@CharithAkalanka]

haha given that this documentary is based on his book you have to accept it :D

[@Summer_Snows]

Colonialism never ended, it just got smarter. Truly disgusting

[@sonh788]

Basically: Japan didn't want their war crimes, defeat and being occupied after losing a fight the started to be known in future generations in schools . They printed money w no real value like a Ponzi scheme and decided to borrow money and rebuild their country infastructure with the help from the usa

[@ecotts]

Help of the USA? The benefit of the USA more like, everything is always done in the interest of the US. lol

[@sonh788]

@@ecotts that's how the world works. One country won't waste it's time and money helping another country if there's no benefit for it . Or any company .. or person

[@Nicosdayinthelife]

no wrong done on Japan's side to rebuild their country, Japan came out WW2 staying as a super power...and the most civilize place on earth

[@ci6516]

@@ecotts it’s in the interest of the USA for the world not to have another world war . We lent money to countries we defeated , had it been the other way around , this world would not exist .

[@The_ZeroLine]

This is why I laugh when the media portrays the IMF like it’s some sort of charity. It’s also just one of many reasons I always try to tell people that all these “financial geniuses” and wealth management experts are clueless. They’re great in boom times when any moron investing in an index fund could look like some sort of genius, but very few really understand why the economy is doing what it is doing. Despite The Bank of Japan purposely creating a financial crisis, none of the experts could explain Japan’s insane economic expansion.

[@kidwave1]

PURE DECEPTION!

[@sowhat3430]

It is very powerful documentary , it is my third time watching!

[@m4rs12]

1:10:30 The footage is so fitting to describe these nasty organisations...

[@idolhanz9842]

A snake.....describes them perfectly.

[@mariejules1130]

Sources agreat beautiful cities thanks to view history of Japan documentary 😀 👍 🙌

[@joe-bang8501]

Abbreviated version of the excellent documentary "Princes of the Yen"...available on KZbin

[@polaris1985]

I don't understand this, Japan's GDP in 1995 was 5.5 trillion and today in 2022 its 5 trillion so how has the independence of central bank of Japan from the control of ministry of Japan benefited Japan at all, its almost the other way around Japans economy grew in the ministries control. Please someone explain this to me!

[@MA-vw1pl]

Never forget that the Japanese mentality was and is focused on self honor, civil stability and sobriety...

[@TheBucketSkill]

They military betrayed those values.

[@machida58]

They are honorable samurai that commit Hari Kari.

[@Voidapparate]

Sobriety?

[@HeinzFugenstie]

Yeah right and others aren't?

[@inferna7327]

​@@TheBucketSkill ''''''''A person in your ethnicity betrayed values because someone else in your ethnicity did something bad. therefore your race is wrong, you betrayed your values as a person. ''''''''''''

[@treehousekohtao]

If you enjoyed this, there is an excellent book from the perspective of the 8 large Asian countries (China, Japan, S. Korea, Taiwan: Indonesia, Thailand, Malaysia, N. Korea). It was heavily promoted (in Asia) but obviously subdued elsewhere "How Asia works" by Joe Studwell.

[@John77Doe]

North Korea?? 😄😄😄😄

[@streetscienceofficial8675]

Ooh really I wasnt sure about it

[@ncooty]

Interesting, though a more accurate title might be: _Interviews with Richard Werner._

[@Chaosian]

No kidding. It's a bit embarrassing.

[@neoesm]

No. The video cuts, narrator, music director....all these people contributed to the making of of the documentary but of course an ungrateful *ss like you won’t give credit where it’s due

[@amseek94]

that's what I was thinking. This documentary feels very close to propaganda. Just in its style and the Richard Werner interviews. Doesn't quite feel right. Also very fishy that his "interviews" are made to look like they were done in the 80s but that would mean he had that much balding when he was in his mid-20s (born in 1967).

[@tensevo]

yeah i noticed that too, but description state it is based on his book.

[@toddprifogle7381]

The same with the central bank of america (fed). We can alter any situation at any moment. Its all only paper , well now digital.

[@NYCfrankie]

Ppl don't make through documentaries like this anymore about a very specific topic within a specific period of time nowadays you get documentaries that tend to be more generalized on a certain subject or subjects and they lack the context and specific examination of a exact subject because younger people millennials and gen z specifically don't seem to have a great interest in history wether it's world history or their countries national history and as a millennials who's a history freak it saddens me that all the great documentaries tend to be older even the history channel isn't about real history or even history anymore and with all the technological advances being made we're finding more about the world's history all the time hopefully in the future we'll see even better historical documentaries

[@ci6516]

Yes gen z hates history , as they believe it to be all awful and evil. They would most likely respond to this video with a statement similar to this : “Meanwhile ; Africa is still struggling because of western imperialism “ “This was only achieved because capitalism was built off the backs of slaves” Everything to gen z is about racism . Or identity politics . History matters not. Highly doubt gen z could sit through a hours long documentary anyway.

[@ndungutse]

INTERESTING DOCUMENTARY!

[@kody1654]

I may be ignorant but this sounds exactly like whats happening in North America and many other developed economies right now....kind of scary really.

[@leechgully]

why does it scare you ?

[@APZeus3]

@@leechgully why does it not scare you

[@leechgully]

@@APZeus3 perhaps I should have asked what part scares you exactly ? The actions of the Japanese central bank to restructure the economy without the knowledge of its citizens ?

[@jakedill1304]

Except with no long term plan or direction... ANY THING COULD HAPPEN HURRAH!!

[@leechgully]

@@jakedill1304 Which is how the free market works anyway , so no worse as far as planning

[@سیّدمحمّدزعفرانچی-ز3ص]

FIRST CLASS

[@virtualfilmlot]

I was going to complain about several aspects of this film, but then read the budget was 500 pounds. Director is basically paying-to-play. Ouch.

[@SubvertTheState]

What aspects?

[@sblbb929]

@@SubvertTheState Probably production quality if the low budget changed his/her view.

[@SubvertTheState]

@@sblbb929 ahh

[@keelyevans7692]

Lawyer loop

[@whitescar2]

Maybe that 500 could have gone into some research, dunno.

[@GorgorothBergen-ns7il]

Such interesting. From Norway.

[@whushaw]

@Gorgoroth Bergen Hi from Canada! I will visit Norway in the future :)

[@GorgorothBergen-ns7il]

@@whushaw Goodmorning, well you are Welcome, Lot's to do , But beside the " posh Oslo🦇😁 ahhh" visit BERGEN, and Lofoten Islands. Once here , ...well ☺ you will love it .

[@whushaw]

@@GorgorothBergen-ns7il That sounds wonderful! I'm going to look all those up now :) Kind Regards

[@GorgorothBergen-ns7il]

@@whushaw We are so called Vikings, but you are Welcome in NORSK, also if you like fresh fish,our Cod is the BEST, Fish n' Chips 😊. If you love wild marine Wildlife, you have to admire our Norwegian wild Orcas, so beautiful. All the best, see you in BERGEN.

[@adzplus1]

Very informative But what's up with the random images of animals?

[@TheJapanChannelDcom]

"Americanization classes". How horrendous :-D

[@supatotenkopf88]

Magnificent and required viewing… The party of Davos crowd.

[@joelengel2432]

Does anyone here know who plays the background music along minute 1:03.04 and on?

[@maureenhaley112]

After the war in Afghanistan a financier was put into power by the US. in Italy, Draghi a financier is in power even though he wasn't elected of chosen by the people.

[@kelleyvanroy3470]

With these documentary, it's clear the financial system needs to be transformed

[@drazzle6267]

Hmmmm..... how? By whom??? By us the majority?? Not tat it's impossible but I wonder.

[@callmeishmael369]

Decentralized finance

[@chiggyjiggy7019]

Just look at what's happen to any world leader whose tried to get away from central banking for the benefit of the nation they led.

[@Talleyhoooo]

God, you missed the point

[@oncaphillis]

An overall good analysis although it's a bit too full of the power of hindsight. Seeing well organised power structures were very often chaotic forces clash with each other.

[@nycthinklab966]

This one messed up everything I thought I knew about post war Japan.

[@tilethio]

I say your assessment about Japans economic success should be based by putting your foots in their boots. Most of the expert recommendations on this documentary is based on the experience of US and UK which will not be the case in Asia or Africa.

[@nycthinklab966]

@@tilethio 100 percent what I was thinking as well. Thank you for reaching out!

[@ci6516]

@@tilethio how so ?? Asia has done wonderful the past few decades ??? South Korea , China , Japan , Taiwan , Singapore , HK, Etc Have all become world leaders . So please explain how “experiences of the UK or America won’t work In Asia “

[@tilethio]

@@ci6516 Those South East Asian countries develop in short period with strict government policy frame works and control of the economy. In UK & US the makers and the doers are private mega corporations. This has left the large number of citizens like a cash cow for the multicorporations. Where as in South East Asia, those countries concentrate on public investment, public labor and Small scale cottage industries. This has created a robust medium income community which is not significantly affected by big corporations and banks, their risk is also small. If you recall the great depression of the 1920s and 1990s are caused by very very few corporations and they collapse easily. Since the majority of SE asia economi is mainly based on cottage industries they survived. So the Westerns development model and the SE Asians are quite different. The west economy is developed depending on supper rich corporations where as the SE Asians start with resource limitation but have manpower and natural resources which doesn't need mechanisation. I guess you get some thing from my above explanation.

[@azteca8037]

What's up with the beavers popping up? Either way, nice documentary.

[@middleguy840]

Eye opening.

[@Lurker1979]

Just gives another great example on why central banking is bad. How they manipulate everything. Creates booms and busts.

[@m4rs12]

And don't forget the all greedy US of A!

[@jarrodyuki7081]

tssk i like the system because im part of it. i also like skyscrapers.

[@E3kTheCat]

You have worms in your brain

[@mariejules1130]

Amazing documentary thank you for sharing espectacular market investment in real-estate

[@daneurope9167]

any country that can make their own cars,tractors.motorcycles,,light mechanised vehicles has the upper edge of development during those times..thats what made japan italy germany economic miracle..

[@Kobs.A]

It builds a whole chain of jobs

[@jaquino451]

The Japanese also stole a lot of money from its former colonies.

[@lukespector5550]

The problem was that Japan simply COPIED Western inventions. Then, they sell them back to Western customers cheaper than their domestic manufacturers can. It's a "one trick pony" act. That's why ONLY Toyota & Honda remain Japanese owned. Every other vehicle/motorcycle/marine factory there is foreign owned.

[@marxman00]

strange how that "japanese "architecture looks "colonial"

[@krombopulosliam9736]

How come?

[@theccpisaparasite8813]

They need were "colonial"

[@jeanssold2131]

it's not exactly colonial, just a mix of western and japanese architectural styles

[@Ruffleshome]

Japanese emperor is tightly connected to British monarch to threw away shogunate power and ally in ww 1.

[@theccpisaparasite8813]

@@Ruffleshome ??

[@heretoforeunknown]

Exchange rate 360 Y to 1 USD 1962/1963.

[@heretoforeunknown]

@array s Today, based on vlogs on KZbin, 1 USD has a better exchange rate than past years.

[@bilboomer1105]

@@heretoforeunknown but does exchange rate really matters ? . India and Japan has almost the same exchange rate but Japan is miles ahead of India

[@tensevo]

It is worth noting, that it is easier to rise, when you have a model or pro-forma to work within. Whoever is #1 global power, has no such model.

[@kevindorman8385]

True indeed

[@CTOInformation]

So Japan basically did not use any Western capitalist market model to achieve industrialization, and it was very successful. Even after Japan completed its industrialization, it wore an American-style institutional coat, but it was actually only a superficial interpretation of the phenomenon. China's current operating model is the same as Japan's, or it can be said that Japan's ideas are learned from Chinese history, and they only communicate with the West at the technical level, but their culture and ideas are Sinicized. East Asian countries can achieve stable and long-term development without needing the system of Western election games.

[@Voidapparate]

No the take away is that all of this was achievable by the good graces of the US. Japan was given open access to patents and was transferred technology. Further more it was given massive investments in everything, had US military protection, was allowed to implement a trade policy of all export and no import. Had zero tax because the US funded most public/government/infrastructure services. Basically you need a powerful nation to give you everything.

[@HumminbirdMoth]

The players maybe different but the scrip is the same with minor twists and terminology changes popped up; they did a quick snapping of wealth in Russia and now are conniving how to do to China whose administrators are not quite in the palms of international financiers and who have witnessed the two collapses and might have learnt something; at east not just capitulate!!

[@jbdbean242]

Oh, China has these games down and then some. They've been openly manipulating monetary values, markets, etc., for quite some time now. They've been cheating every system possible. They didn't get all that wealth just from exploiting their own people and neighboring environments.

[@senzen2692]

Starts well enough, veers off into conspiracies, but there are some important topics and lessons: how some centrally directed economies were able to improve living standards while others simply sank into corruption; what the real alternatives are when the effects fizzle out; the non impartiality of central banks and monetary policy; how US dominance is diminished as it fell victim to poor policies, lack of credibility, as well as good old greed.

[@NateB]

Some conspiracies are matters of fact.

[@robinsonsuarez6334]

Not sure if you’re discrediting the results by calling the effects conspiracies. Or you don’t see any value in studying possible conspiracies. But the proof is in the pudding also conspiracies are real. They happen all around us all the time. Doesn’t mean you take everything at face value. But some smart people making smart moves to improve their already wealthy lifestyle is barely a conspiracy. It’s the game of life from the Stone Age to Mesopotamia to Medieval Europe to modern capitalism.

[@j4genius961]

Calling everything that you disagree with "conspiracies" is a weak argument at best or a dishonest one at worst. Plenty of so called conspiracies have turned out to be 100% legitimate ( Mk Ultra, Castro's assassination attempts by the Cia etc etc )

[@secrets.295]

Sounds like China too

[@NeostormXLMAX]

Amerimutt cope

[@sebbensebbenandsebben691]

Now an ex-vice chair of the federal reserve is a current secretary of the treasury. Fun time ahead people.

[@sebbensebbenandsebben691]

Update : the fed discontinued its M2 moneychart.

[@JYC69500]

With fumio kishida being an ex-banker too

[@adammac6386]

23:00 reminds me of Coronavirus and the current state of the US stock market.

[@samlsd9711]

Japan is a country stuck in a condition like 1919 USA the Great depression era. Never came out of it.

[@ci6516]

What …??

[@martincorneille7998]

Summary of the lessons from this documentary about the mainstream view on how to conduct economic policy : Rule 1: economic liberalization and laissez-faire are most efficient Rule 2: if another economic system succeeds in bringing about prosperity or if liberalism does not seem to work, see rule 1

[@Talleyhoooo]

Hit the nail on the head

[@domsteward358]

@Martin Corneille: Due to the fact that all I can see is text on a screen, and there are no emojis, I truly hope that your words are imbued with a huge helping of sarcasm. And, if so,,,,,,,,, Right on Dude. Spent the last 31 years living in Japan and this documentary was highly enlightening on a multitude of levels. Also enjoyed/wasn't surprised by the tie-up with the Euro ECB and mention of the FRB towards the finale. Bankers................................................ There's a reason the Brits use the term *Merchant Bankers* in an amusingly derogatory manner.

[@porkysharma8423]

Did we watched the same documentary? The author himself said Japan's economic miracle lied on their planned war economy post WW2.

[@domsteward358]

@@porkysharma8423 Indeed, the Japanese economy followed that war economy ideal until the late 1980s, then quite a bit of underhanded regulation changes and Deals were brokered and everything started sliding backwards for the average, everyday Folk. In other words prior to the 1990s things appeared to be on the up and up even though the late 80s was purely an "on paper " economic phenomena.. the seeds were sown then that began to sprout and take hold from the late 80's/beginning of the 90s and have remained apparent to the present, with regards inability to make any real economic recovery. But maybe you just didn't detect the irony/sarcasm intended in Martin's comment?

[@ramal5708]

You should do a video about post WWII West Germany economy, even though the country was almost entirely destroyed by the British and the Allies after the defeat the economy rise up.

[@secrets.295]

He did cover up about Germany in his later works. Try looking for his research papers & books. The German system was completely different than the Japanese systems. It is very interesting.

[@coldsun5495]

wow. i learnt a lot. great documentary

[@kiwin111]

don't forget that the US still owns japan politically. We have a lot of military bases over their. also, we wrote their post surrender constitution for them, and it was US foreign relations politicians, who happened to belong to a certain tribe from the middle east, who wrote feminist laws into their new constitution which enabled promiscuity and low marriage and birth rate.

[@HVAC356]

Very nice, a new perspective

[@ci6516]

We don’t “own” anyone . We don’t treat Japanese people as resources , stop.

[@dalekgaming3803]

No

[@hilmansudirman9857]

Central Banks must be independent they said, but not from the Fed and IMF. And what happen in Japan is the sandbox for what will happen to the entire world in 1997. And only USA that still intact.

[@212025510]

So the overall question of this document is whether the central bank should be independent or not. I think the question is whether there should be a central bank - an institution which is mandatory for everyone.

[@fractionaldebtisfraud2187]

Politicians (whose election campaigns are funded by banks, Mainly in America Goldman Sachs and J.P. Morgan especially being known for funding both Democrats and GOP (Republicans) at the same time,) always "parrot" the line about, "government should NOT be in the business of banking." When of course if banks cannot be relied upon to regulate themselves, without causing economic armageddon when they do fail, then government HAS to get into the business of banking whether it likes it or not! In the form of a central bank which then becomes "the peoples bank" which cannot fail. If people want to use a commerical bank then they should be free to do so, with the proviso that if their commercial bank fails (goes bankrupt) then their savings "go with it," and ALL commercial bank bailouts are forbidden by law.

[@secrets.295]

There should be a central bank but it should be accountable to parliament & congress and their monetary decisions should be scrutinized on a regular basis. Central banks work independently and often times nobody question their decisions.

[@jeremiahleslie5812]

Cool!

[@jarrodyuki7081]

1. weak yen 2. the keiretsu system and 3. window gudiacne are the three keys. top 7 rules in every nation and top 3 rules for life.

[@legozfordayz]

Man, KZbin compression ruined this video’s quality.

[@mariejules1130]

This is a great opportunity real estate market 👌 👍 🙌 😀

[@Jasongy827]

To this day, the market is still slowly recovering after over 30 years

[@lucianvervega5205]

Who's the narrator?

[@metalextras]

Despite of heavy loss the Japanese entrepreneurial spirits keep on the fight on Asia and American soil... Brilliant documentary, looking forward for docs of other vassal country of USA such as Germany and italy!

[@MWcrazyhorse]

America is not even a sovereign nation.

[@tushar4evr776]

Make one about Pre and Post 1991 India as well.

[@TheLibrarianUU]

Ook! [Well, this is just feckin great....]

[@izunanisumu]

貴重な映像です。どなたか日本語の字幕を入れて頂けないでしょうか。

[@MH-jt3lx]

A demon appeared to two men said sign my contract and you will be protected from failure , The two men read the contract and started to giggle and didn’t stop durning the whole time the demon was with them The two men signed the contract with big smiles on their faces The demon looked down at the signatures and said Mr. Goldman and Mr. Sacks you no longer have empathy The demon left and one man looked at the other one and said I wonder why that demon was buying the one thing we don’t have The other man said I wonder if he needs a loan to help him collect it ! Moahahaha

[@shalyfemusic]

I dont get it

[@supatotenkopf88]

@@shalyfemusic Because they don’t have any empathy

[@dannyhughes4889]

The IMF sounds like a really socially responsible institute. The Asian Tigers may have some surprises for America as payback.

[@caseyslastgram1733]

So their system was kinda too successful for actual citizens there but not very lucrative for shareholders. Meaning you needed to work to have a fullfilling life and not be a lazy speculator. Interesting. My opinion is the lazy rich that don't want to produce anything saw their days being numbered by this system and shut it down to return to speculative boom/bust systems they can manipulate and control.

[@thierrylaval4449]

I suppose Japan mulls first be peaceful and not a threat, recover their sovereignty after having all foreign troops quit their lan. Is it reasonable to expect Russia to surrender these islands while they are a shield for their security?

[@Funktastico]

So who is behind Bank of Japan ? Private entity or government elected officials ?

[@realitymatters8720]

This makes me wonder what would have happend in the USSR if they had taken their war time economy and switched it to consumer goods. The free market fanboys must be in tears if they ever make it through this doc.

[@robinsonsuarez6334]

I don’t think you understood the doc

[@realitymatters8720]

@@robinsonsuarez6334 I think you dont understand the question I pose !

[@Tealdragon204]

Probably wouldn't have turned out. Japan's post-war economy was much more similar to the fascist economy than it was to the communist one Werner discusses this as he also mentions that Japan had many small banks to give out loans. Whereas the Soviet's had one single bank. The system would have failed either way

[@Tombombadillo999]

How sickening, hopefully more ppl will open their eyes.. its from small daily actions in out lifes that can change this sick trend.

[@whitescar2]

Maybe people can open their eyes that simply making claims in a "documentary" isn't enough to make any of it true. You need evidence, and a bit more than "one person said it's wrong" without even attempting to inform us about why it is wrong. Surely you should at least be a little educated on the subject so you can agree/disagree? Otherwise it's just propaganda and you're agreeing blindly, which effectively means the "documentary" has made you less intelligent than you were before...

[@christianstough6337]

I'm a little confused. The tone of this documentary is dark and foreboding , yet Japan's economic recovery was, and is, amazing. They have the 3rd biggest economy in the world despite being an island nation with few natural resources. Their population enjoys a high dgreee of individual wealth compared to other top tier economies. So, why should I be concerned?

[@Talleyhoooo]

A good question on your part. It’s not that their economy isn’t healthy, it’s that the downturn experienced in the eighties was brought about from a dramatic shift in their economic structure, from one that would have continued their growth of uninterrupted by US intervention. We imposed that they purchase debt in the form of bonds with stimulus money, in order to slow their growth. They essentially shifted from a manufacturing economy to a debt based one like the US, which won’t grow as fast as their previous system. The us then used their trade surplus and liquidated it into capital in order to issue loans in the us to businesses and individuals. The US Economy boomed in the 90’s on the back of money extracted from Japan in the 80’s.

[@ci6516]

@@Talleyhoooo Had america not intervened Japan would have had a massive empire to rule . I find it difficult to imagine the average Japanese citizen would have had a better living standard under the imperial system than post war system . Wars are usually extremely difficult to recover from . The ussr also was a booming economy pre ww2 , to some , stronger boom than Japan in the same era . Yet , the ussr did not have this massive boom post war, even though they won the war . Moving from a war economy to a peace time market is usually very difficult, especially without consumerism . This is why most fascist governments focused so much on the military sector . As there was nothing for the average citizen to own . With the advent of consumerism , Japan was able to easily move into a peacetime economy

[@BigGrizzNYC]

Japans current economy is a time bomb.

[@michaelplunkett8059]

@@BigGrizzNYC Population decline, debt, aging population and nasty neighbors.

[@trustyshellback]

Don't confuse "state capitalism" with free enterprise. These two paradigms are mutually exclusive in that state capitalism promotes collectivism, but free enterprise promotes individualism. 🔷🔷🔷🔷🔷🔷🔷🔷 "The strongest argument for free enterprise is that it prevents anybody from having too much power." [Milton Friedman] 🔷🔷🔷🔷🔷🔷🔷🔷 🇺🇸 Marc J. Metivier 🇺🇸

[@marcostation1000]

Japan was save from socialism and comunism. You know, poverty, dictators, famins and hunger

[@peterstromboli4835]

I agree. We were a far better option than Stalin, even with 80 years of hindsight. We did some shady dealings to get the economy going, but we didn't set up Gulags.

[@MWcrazyhorse]

@@peterstromboli4835 You didn't need to set up gulags. The gulags were already available. You just sent the people there.

[@peterstromboli4835]

@@MWcrazyhorse ...gotcha 👌

[@DrRyan82994]

“Oh my gooooooooooood!” - Rich Evans

[@astrazenica7783]

A very under explored part of history, exposes globalism

[@AVICommunications]

Very interesting… as a video producer, I find the very small font choice (CG) very poor and in many cases, white letters over white background is a poor choice. It’s a detractor to the post production product…

[@gallagjg]

So far - they neglect the US policy of buying everything Japan could make… a primary cause of the collapse in the 80s 90s was the ending of that policy. But I’m not even half way through the film so - we’ll see!

[@gallagjg]

Re: events discussed about 21 minutes in about the complete restructuring of the Japanese economy to fit that of the capitalist economy; In this section the narrator suggests that there was a complete ambiguity as to how these very seemingly ambitious goals were meant to be made - The Japanese bank system is attributed but the mystery still lingers - add to this the Information presented previously about how all the measures were passed and those who Fought those measures fell out of the picture…. This all ties to the policy I mention in the post above. To counter the Soviet union as well as communism in Asia US policy decided that it was most important to make Japan a bastion of democracy and capitalism and more importantly a complete success story for propaganda purposes as well as more practical ones. The mystery of how these lofty goals is no mystery for the answers are published by the US government and they will show you that the US played a role in both examples above economic- and political policy success (for both Japan and the US).

[@bernedespabiladero]

🇺🇸🇯🇵🇰🇷🇹🇼< 🇨🇳🇷🇺 🇰🇵 🇵🇭PHILIPPINES, US AND JAPAN’S Great Ally Its true that ur enemy in the past can be ur great friend in the end

[@jarrodyuki7081]

yes window guidance..