The earthquake in Japan and tsunami which followed it might have killed 0.15% of that country’s population (20,000) and will be the the catalyst for the media “discussing” how that country should “remake” itself. The press has already pointed out the xenophobic nature of Japanese culture as when this story appeared on CNN’s website shortly after the disaster:
Public attitudes toward immigration, to help bring in young workers and have them naturalize to become builders of tomorrow’s Japan, remain toxically negative.
In fact, Japan’s charismatic Foreign Minister Seiji Maehara resigned his position about a week ago because he had accepted a modest campaign donation from a woman of Korean descent who had lived in Japan most of her life, had a Japanese surname and had known him since the second grade.
Japan has 1/6ths of the world’s nuclear reactors and the push is already on for them to “remake” how they get electricity:
And failures at nuclear plants in the quake raises a fundamental question: How can earthquake-prone Japan coexist with nuclear power plants?
And regarding Japan’s capitalist economy, this, too, must be “remade” after the natural disaster:
“It is sufficiently possible to expect demand that should be called a restoration New Deal,” [Prime Minister] Kan told a meeting of economic ministers at his office, referring to a series of economic programs implemented in the United States in the 1930s.
While almost all of Japan remains largely undamaged, the temptation for large “stimulus” projects such as were initiated by the Obama administration will be great. The country with the second highest public debt as a percentage of GDP in the world is, surprisingly, Japan (right behind Zimbabwe). The United States is #35 on the list.
During the 1990s as Japan’s economy slowed (right after a series of books came out saying how they would take over the world) no fewer than 10 stimulus packages were initiated. Before New York Times columnist Paul Krugman contradicted himself by becoming a fan of President Obama’s spending, he wrote this:
Japan’s postal savings system, which channels money into public works projects that have little if any social payoff, is monumentally inefficient; so is the practice of rolling over the debts of companies that will never regain profitability and hence keeping capital employed producing goods nobody wants.
Japan cannot go on like this. Swelling public debt will eventually threaten the government’s solvency.
Just imagine how much different the financial health of Japan would be had the government there not run the country’s debt to a startling 196% of GDP on wasteful “stimulus” packages.
In short, Japan’s massive Obamanomics “stimulus” spending failed, sent the country deep into debt, and now when they need to spend some money it will be harder to get it and, in spending money will send themselves deeper into the hole. The Japanese economy will have to turn inwards in order to cope with the tragedy and this, in turn, will put a further squeeze on America and other countries as limited capital is diverted to domestic needs and pulled out of foreign markets.
There is a tsunami coming for the rest of the world but it will be monetary.
At this point it is unclear how Japan should “remake” itself as the agendas of journolists have not fully matured but the likely narrative is how Japan must adopt an Open Borders mentality and become socially diverse:
This would be a good time to consider opening up what it means to be Japanese, to reinvent Japan and rise above the tragedy. Bringing in more stakeholders who want to contribute to long-term vitality is the only way Japan can possibly manage what will become after this crisis an even more whopping debt load.
The Open Borders crowd has been extremely active in Democratic politics for a generation and continues to push for illegal immigration to be essentially ignored because there are really no countries in their book. And so the story will go for Japan even though that country has steadfastly refused to allow a Western-style influx of foreign born into its country. It will be argued that foreign money and populations will be needed to keep Japan “healthy” even if it will radically alter that country’s national character which the indigenous population seems to cherish even if it does have a darker side.
Just as Americans forced Japan to open to the West in 1854 through gunboat diplomacy, so the earthquake and tsunami might force similar societal changes in that country. The danger for Japan is that the country will likely become a blank canvas upon which the gaijin of the world try to “remake” the country according to their dreams. We have already highlighted several topics currently under “discussion” in the media. Replacing nuclear with wasteful “Green Energy” will be another hot topic.
The bottom line on the disaster is that the country, having spent so much on failed Big Government programs now will find its back to the wall and will have to radically change its civilization in order to stay afloat. The estimated damage currently exceeds $180 billion.
This should provide a cautionary tale for Americans who don’t want to see our country sent so far into debt that we find ourselves in a similar situation should a similar catastrophe occur either by Nature or by Man.
The United States and Japan are very different countries and we do enjoy much greater natural resources than they do but the lesson is still the same.