thanks for your response, my little pierogi. Western culture invented
capitalism and spread it thruout the world------all the way back in ancient
Egypt and Mesopotamia----onward to Greece, Persia and Rome
Capitalism is destroying the environment, integrity, our culture etc.
Fascism is also a by product of Western culture, and would've been far better at problem solving, than these "Do nothing, its freedom morons"
Socialist/communist nations have a far worse record on the environment, heck West/East Germany was a sterling example.
Your irrational attacks on Capitalism marks you as a brainwashed moron.
It's all they have left.. Socialism is a failure and it continues toe be exposed more and more each day. The lies about capitalism are being shown to be nothing more than projection, from the socialist left wing liars.
Hmm.
#1 economic growth in the 20th Century. (Japan)
#1 economic growth in 20th Century Europe & #2 in the World. (Franco's Spain)
#1 economic growth in 20th Century America (FDR)
The Best And Worst US Presidents For GDP Growth
All
= Socialism.
Japanese economic miracle - Wikipedia
" The Japanese government contributed to the post-war Japanese economic miracle by stimulating private sector growth, first by instituting regulations and protectionism that effectively managed economic crises and later by concentrating on trade expansion.
[2]
In 1954, the economic system
MITI had cultivated from 1949 to 1953 came into full effect. Prime Minister
Hayato Ikeda, who Johnson[
who?] calls "the single most important individual architect of the Japanese economic miracle," pursued a policy of
heavy industrialization.[
citation needed] This policy led to the emergence of 'over-loaning' (a practice that continues today) in which the
Bank of Japan issues loans to city banks who in turn issue loans to industrial
conglomerates. Since there was a shortage of capital in Japan at the time, industrial conglomerates borrowed beyond their capacity to repay, often beyond their net worth, causing city banks in turn to over-borrow from the Bank of Japan. This gave the national Bank of Japan complete control over dependent local banks.
The system of over-loaning, combined with the government's relaxation of anti-
monopoly laws (a remnant of SCAP control) also led to the re-emergence of conglomerate groups called
keiretsu that mirrored the wartime conglomerates, or
zaibatsu. Led by the economic improvements of
Sony businessmen
Masaru Ibuka and
Akio Morita, the
keiretsu efficiently allocated resources and became competitive internationally.
[14]
At the heart of the
keiretsu conglomerates' success lay city banks, which lent generously, formalizing cross-share holdings in diverse industries. The
keiretsu spurred both
horizontal and
vertical integration, locking out foreign companies from Japanese industries.
Keiretsu had close relations with MITI and each other through the cross-placement of shares, providing protection from foreign take-overs. For example, 83% of Japan's Development Bank's finances went toward strategic industries:
shipbuilding,
electric power,
coal and
steel production.
[15] Keiretsu proved crucial to protectionist measures that shielded Japan's sapling economy.
Spanish miracle - Wikipedia
Initiation of the boom[edit]
The "economic miracle" was initiated by the reforms promoted by the so-called
technocrats who, with
Franco's approval, put in place policies developed in Spain. The technocrats, many of whom were members of
Opus Dei, were a new breed of politicians who replaced the old
falangist guard.
[1] The implementation of these policies took the form of
development plans (
Spanish:
Planes de desarrollo) and it was largely a success: Spain enjoyed the second highest growth rate in the world, only slightly behind
Japan[2] and became the ninth largest economy in the world, just behind
Canada. Spain joined the industrialised world, leaving behind the poverty and endemic functional underdevelopment it had experienced following the Napoleonic wars, the loss of most of
its imperium in the 1820s and the civil wars of the 19th century because of the dynastic dispute for the crown
Although there was economic liberalisation in the period, key enterprises remained under state control.