Market Fundamentalism is Dead 20
For the past decade those market fundamentalists in Japan together conspired together with the villains of Wall Street in New York and other financila capitals of Europe to break up and privatize the Japanese Postal services, especially to make it a prey because Japanese Postal serives operated the world largest financial services and its assetts is practically largest in the worlld. And the so called economic vultures targeted liquidization of the public entitiy, while priviatizing and grabbing the control by the possible purcase of the stocks when the asset was put into the market.
In the latest development, a harsh battele over who should take the hegemony of the public asset between the universalism and the market fundamentalism has been continuing.
Internal Affairs Minister Kunio Hatoyama pointed out a series of possible scandals since the end of December last year but , Mr Hatoyama was ousted by Prime Minister Aso and Mr Hatoyama Kunio, then Minister lost the political battel. He resigned on 12 June, last Friday.
The political outcry that the privatization was only a fake and enriched only a handful number of capitalists and especially foreign investment banks and security firms and Japanese citizen's anger was heightening in the recent months.
Even though Mr Hatoyama resigined from the post but majoriy voices claimthe the Preseidnt of the Japan Post, Mr Yoshifumi NIshikawa shoud have been ousted and the Prime Minister's judgement was completely wrong one and the rate of support to Prime Minsiter sharply declined to the leves of less than 20 % according to the opinion poll surveyed by the Kyodo Press company.
Even as the market fundamentalists and some American extreme investment bankers clings to the privatization, but the tide of the Schock Doctrine applied in Japan was now despised by the Japanese citizens and anti-American sentiments are steadily rising.
It is now clear that advocating slowing or reversing the effort is for the national interest of Japan and privatization, regulation and other doctrines were only to interest the foreign vested interest groups. The market fundamentalist activities were orchestrated not only in Japan but it was very active in Latin America in the seventieis and eighties and the fake economic theory completely collapsed on September 15th when the Leahman Brothers went bankrupcy abruptly.
The opposition Democratic Party of Japan -- a party headed by Mr. Hatoyama's brother Yukio will definitely win the general election this year. Post masters nationwide agreed to the political change and strongly support New People's Party or Kokuminnshinnto. headed by Mr Watanuke, former House speaker..
Alreading consultation works among the now Opposition to form the common policy when they will gain the power within a few months. Even Prime Minister Taro Aso once let it slip that he was actually against the privatization, drawing criticism from members of his own party, and in practic the perfomance of the privatized postal companies were well below that of the Japan Post during the public corporation formalities.
Juninchiro Koizumi , the former prime minister acted as the agent of the Bush administration and the economic extemists but now the power of the economic cult is fading out quickly. As in the United States , there was a certain political change, even though a turmoil continues as if a case of domestic battles of the Civil War, in Japan too the conflicts are still continueng as seen in the case of the Hatoyama resignaition..
It is true that the Postal financial institutions world-wide are attracting renewed interest as the financial crisis revealed the vulnerability of commercial banks. In France and the U.K., politicians have called for revising postal-privatization plans. There is no precedence of the successful postal privatization. German Post chief Mr Zumwinkel was arrested last year while transfering his private assetts into the foreign hands and Postal privatization in other area was only a nominal and fake ones.
Postal banks in European nations have seen sharp increases in deposits and new accounts since last year, according to the Universal Postal Union, a United Nations-affiliated institution based in Switzerland. Public postal services maintains the "image of trust and stability" that postal financial institutions enjoy, adding that postal networks can help stabilize the financial market, in part by offering basic services to households excluded by commercial banks. Postal privatizaion itself was theoretically wrong, as Ralph Nader commented once in his letter sent immediately before the postal privatization in Japan..
National voices against Mr. Nishikawa, a powerful but notorious banker, was appointed by former Minister Takenaka, who was very close to the ecnoomic and market fundamentalists in the United States and util the Lehman Shock, he claimed the possible transfer of the nations assetts into the foreign bankers hand, by the mechanism called " carry trade" which only destryed the Japanese stable socio-ecnomic system.
With in a few month, the Japanese political scene will be changed. It is high time to consider the alliance of true economic partnerships without master and servant relations and while eradicationg the dictatorship of the moneymongers. Japan will continuously contribute to the stability and prosperity of the world while former market fundamentalsits tried to destruct the safety mechanism and brought series of warfare and the disasters.
Posta Privatization in Japan almost could be stopped., because the policy could not benefit at all to the Japanese citizens. New government will be established and Mr Nishikawa will be toppled even if he clings to the post to sell the stock into the hands of vicious foreigners. within afew monts. At the latest toward the end of September.
Mr Shizuka Kamei last months visited Washington D.C. and for the first time exchanged the views and opinions with the officials of the Obama Administration. US-Japan relation ship will be much better and improve than the market fundamentalism oriented relation betwenn Bush and Koizumi administrations.