Why inequality is different in Japan

Michael Perry
Michael Perry

Six months after Thomas Piketty’s book Capital in the Twenty-First Century generated so much buzz in the United States and Europe, it has become a bestseller in Japan. But vast differences between Japan and its developed counterparts in the West, mean that, like so many other Western exports, Piketty’s argument has taken on unique characteristics.

Piketty’s main assertion is that the leading driver of increased inequality in the developed world is the accumulation of wealth by those who are already wealthy, driven by a rate of return on capital that consistently exceeds the rate of GDP growth. Japan, however, has lower levels of inequality than almost every other developed country. Indeed, though it has long been an industrial powerhouse, Japan is frequently called the world’s most successful communist country. Japan has a high income-tax rate for the rich (45%), and the inheritance tax rate recently was raised to 55%. This makes it difficult to accumulate capital over generations – a trend that Piketty cites as a significant driver of inequality.

As a result, Japan’s richest families typically lose their wealth within three generations. This is driving a growing number of wealthy Japanese to move to Singapore or Australia, where inheritance taxes are lower. The familiarity of Japan, it seems, is no longer sufficient to compel the wealthy to endure the high taxes imposed upon them.

In this context, it is not surprising that Japan’s “super-rich” remain a lot less wealthy than their counterparts in other countries. In the US, for example, the average income of the top one percent of households was $1,264,065 in 2012, according to the investment firm Sadoff Investment Research. In Japan, the top 1% of households earned about $240,000, on average (at 2012 exchange rates).

Herein lies the unique twist that Piketty’s theory takes on in Japan: the disparity is not so much between the super-rich and everyone else, but between large corporations, which can retain earnings and accumulate capital, and the individuals who are being squeezed in the process.

weforum.org/agenda/2015/03/why-inequality-is-different-in-japan/

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Other urls found in this thread:

youtube.com/watch?v=bt1TZHXkQ4Y
quora.com/Why-is-Japan-considered-a-communist-country
web.archive.org/web/20120412184559/http://www.dcbureau.org/201204097128/national-security-news-service/united-states-circumvented-laws-to-help-japan-accumulate-tons-of-plutonium.html
asahi.com/sp/ajw/articles/AJ201812020027.html
sup.org/books/title/?id=2791
books.google.mv/books/about/Princes_of_the_Yen.html?id=8VwMxQY6Kj8C&printsec=frontcover&source=kp_read_button&redir_esc=y

Evan Jones
Evan Jones

Japan is literally Fascist.

Eli Howard
Eli Howard

SocDem-ism doesn't work and as long as a country fails to progress beyond capitalism these disparities will continue to exist in their ever changing form.

Jack Rodriguez
Jack Rodriguez

Author: Yuriko Koike, Japan’s former defense minister and national security adviser, was Chairwoman of Japan’s Liberal Democratic Party’s General Council and currently is a member of the National Diet.
haha wasnt expecting that

Kevin Clark
Kevin Clark

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Ryder Reyes
Ryder Reyes

This photo is from Taiwan, though. Not that there isn't a resurgent imperialist sentiment in Japan, as well.

Hunter Morales
Hunter Morales

Japan only recently became actually Keynesian again. I'd like to see what actually happens over the course of the next few decades, this will be Keynes' final trial.

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Leo Parker
Leo Parker

country that lost 90+% of its pre-war wealth and had land reform/social democracy instituted at gun-point is more equal
Wow, shocking. But, seriously, Japan dominated the top ten rich list in the 80s–the only thing that went wrong for the Japanese elite was bubble popping in the 90s. And, I think it's worth pointing out, Japan still hasn't recovered to its pre-market highs, in terms of sheer financial carnage, Japan's crash was worse than the Great Depression in the US.

I have my doubts about the actual equality levels in Japan, the government is well-known for fudging numbers on even basic things like murder-rates.

Xavier Roberts
Xavier Roberts

One time I had a guy tell me that a lot of murders and Police killings in Japan are deemed Suicide / Natural causes and that a large amount of Suicide's in Japan are also labelled natural causes

Bentley Gonzalez
Bentley Gonzalez

That was me. I said that just to troll with people.

Carter Sanders
Carter Sanders

Japanese elite was bubble popping in the 90s.

It was unavoidable, at this time japan stooped receiving american gibs, plus China rose as industrial behemoth of far east.

Michael Jackson
Michael Jackson

Pretty sure that's cause they're 🇬🇧🇬🇧🇬🇧incentivizing🇬🇧🇬🇧🇬🇧 older people to keep working.

Mason Howard
Mason Howard

Stupid idiots.Sun Yan-sen was socdem who cooperated with Comitern, and Chiang Kai-shek and Chiang Ching-kuo both studied in USSR, in fact USSR greatly helped China in war against Japan, both funding Kuomintang in unification war(s) and during second union of Kuomintang and CPC again Japan in early years of WW2.

Adam Russell
Adam Russell

So? Let the westaboos have their fun. After all, the things people do in European countries concerning Japanese and asian culture and history are much more cringe

Noah Bell
Noah Bell

Japan is frequently called the world’s most successful communist country.

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Nathan Allen
Nathan Allen

It seems to have some basis in fact tho when I looked into it

Alexander Hall
Alexander Hall

youtube.com/watch?v=bt1TZHXkQ4Y
Watch some of this ☭TANKIE☭, syndie, trot loving brother

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Lucas Sullivan
Lucas Sullivan

Security guards are a big business in Japan, which is funny in a country with such low crime rates.
Anyway most of those security guards stationed outside supermarkets and parking lots are 70+ years old, completely unarmed. With shit pensions and low birth rate people are forced to work until they drop. The LDP is killing Japan.
Someone described Japan's economic system as "socialist capitalism". Some assume that if a society isn't ultra individualist it's automatically socialist. What the fuck?

Jaxson Jenkins
Jaxson Jenkins

there's less individualism in socialism
Have ever had a sensible thought?

Lincoln Baker
Lincoln Baker

I think whoever says this, has fucking not

Noah Cook
Noah Cook

Japan is far from socialist, even their public transit is privatized.

Wyatt Collins
Wyatt Collins

Exactly my point, there's nothing socialist about Japan. But idiots assume that collectivism = socialism. Japan has a VERTICAL collectivist society, with a strong emphasis on hierarchy.

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Isaiah Gomez
Isaiah Gomez

It's the 'ol capitalism = individualism and sosolism = collectivism dichotomy. Therefore traditional asian values (socialist) balanced with capitalist individualism results in the ideal balance of just enough capitalism, and the right amount of sosolism. Like yim and yam.

Jackson Howard
Jackson Howard

Japan has a high income-tax rate for the rich (45%),
Britain's top rate is also 45%. It's not that high.
Now, 95% + Surtax on unearned income, that's where it's at.

Levi Powell
Levi Powell

not maximum income
gulag

Isaiah Wood
Isaiah Wood

redistribution at all
<not seizing MOP

Cameron Russell
Cameron Russell

seizing the MoP
not destroying them

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Charles Reed
Charles Reed

income
not labour vouchers

gulag

Jaxson Young
Jaxson Young

Miyazaki would probably agree with you

Elijah Myers
Elijah Myers

Japan is one of the nicer social democracies but people prefer Nordic countries as their model because they're white. Doubt it's necessary to say that both are shit.

Parker Watson
Parker Watson

because they're white
Why should that matter?

Levi Wright
Levi Wright

prefer the Nordic countries because their white
Eh you can’t say that Japan’s insane working culture, authoritarian “collectivism”, lower standards of living and nasty history aren’t turn-offs

Aiden King
Aiden King

Plus you actually have a chance of being able to immigrate and become a citizen to some of the Nordic countries. Japan? Not so much.

Dylan Wilson
Dylan Wilson

JCP are Eurocomm trash
left student movements are dying or out of steam
rightist internet dumbasses do even less than Yukio Mishima, they just piggy back off the lib dems for god emperor Shinzo Abe
karoshi is still a silent epidemic, corporations aren't held responsible at all
What is even to be done?

Liam Russell
Liam Russell

If Japanese people don't wake up, they are done for. In Okinawa they are still fighting for their right to live without american rapists nearby, racist marches are met with counter-marches, the anti emperor movement is getting bolder and more people start resenting retarded school rules and oppressive work culture.
I think Japanese people are fantastic but if they don't understand how capitalism is killing them, there's no hope.

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Julian Perez
Julian Perez

It's really going to come down to refounding the JCP into an anti-revisionist vanguard party

Adrian Phillips
Adrian Phillips

Even though the JCP is a succdem party they are the most credible opposition to the LDP.
Which says a lot.

Nathan Perez
Nathan Perez

It's typical liberal language rape where high taxes = communism and Hillary Clinton is literally Karl Marx.

Noah Barnes
Noah Barnes

Japanese Communists were fucking based in the 80's.

They literally made fake firefighter trucks to get past police.

Noah Adams
Noah Adams

They literally made fake firefighter trucks to get past police.

Kek

David Brooks
David Brooks

quora.com/Why-is-Japan-considered-a-communist-country

There was a spate of writing in the 1980s that described Japan as user friendly communist state that worked.

Liam Powell
Liam Powell

I mean like the Japanese Government literally used power companies to get eighty tons of weapons grade plutonium.

web.archive.org/web/20120412184559/http://www.dcbureau.org/201204097128/national-security-news-service/united-states-circumvented-laws-to-help-japan-accumulate-tons-of-plutonium.html

Sebastian Bennett
Sebastian Bennett

wtf are going to do with it

Cameron Cook
Cameron Cook

Get revenge.

Mason Flores
Mason Flores

They're going to make Nanking look like a fucking joke.

Isaiah Sullivan
Isaiah Sullivan

They're afraid of the DPRK.

Henry Harris
Henry Harris

Fundamentally in 2017, Japan does have a socialist education system (the community is the top of the hierarchy, meaning everyone is equal, resources are to be equally shared, etc.), which is a remant of the post WWII chaos when the Communists almost did come to power and the students at the time became teachers and set the education system down its current path

This part gave me cancer.
Their whole educational system is based on confucianism and by western standards, is basically ancient. What they actually learn in school is how to pass exams and how to fit in society and then at work. Rote memorization forms the basis of their education, students spend a lot of time and a lot of energies to memorize things just to have a good grade, not to actually learn something.
I mean memorization is important when you have to learn kanji and all their readings, but they apply this system to other subjects too. They study English by simply translating phrases back and forth and they NEVER speak it in class since they don't have oral exams in school. The results is that students may pass English exams with flying colors, yet they don't know how to speak English.

I don't know how they learn math or other scientific subjects, but from what I know Literature is basically reading passages from some famous authors and learning the teacher explanations and that's it. Also their teachers could be replaced by computers and nothing would change. It's rude for students to ask questions, teacher often just teach whatever the school wants them to teach with little to no autonomy. And don't get me started on how schools, expecially private schools which are prominent in Japan, often have bullshit rules with no pedagogic value.
Japanese students are serious and often enthusiastic learners, so it pains me to see how they struggle because they employ unproductive study techniques.

I'm an aspiring teacher of Italian language for Japanese, what I wrote here comes from both experience and from what I learned from books. Calling their educational system "socialist" is fucking bullshit and makes no sense.

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Ryan Scott
Ryan Scott

They study English by simply translating phrases back and forth and they NEVER speak it in class since they don't have oral exams in school. The results is that students may pass English exams with flying colors, yet they don't know how to speak English.
Pretty much this, yeah. I'm one of those autistic online English teachers and those students that I have from Japan are great at grammar and spelling, but their pronunciation, speaking and understanding skills are terrible mostly.

Ryder Sanders
Ryder Sanders

There's a reason why autists like it. Autists like it when everything is the same and there is no problems. It's why so many convert to Islam because of the daily routines.

Hudson Harris
Hudson Harris

autists
convert to Islam
Is this some new form of meme?

Joshua Ramirez
Joshua Ramirez

Japan
social democracy
words mean things

Christian Barnes
Christian Barnes

This might piss off a lot of people but every male convert of islam I've met(at least 5) has some form of autism. That's way too small just to be a coincidence. I think all the spergy muslim habits really meshes with them. Y'know, praying five times a day and dietary restrictions and rules and mandates and shit like that.

Ayden Lewis
Ayden Lewis

This might piss off a lot of people but every male convert of islam I've met(at least 5) has some form of autism.

what were the females like?

Jaxon Parker
Jaxon Parker

Same thing. Watch White sun of the desert.

Isaac Rogers
Isaac Rogers

Piketty is a liberal capitalist. The point of his book is to sideline marxism and make the case that capitalism can only be fixed by taking part in liberal democracy.

Sebastian Green
Sebastian Green

some soc dem facts:
all this nigger incel rage
Lmao eat a watermelon or something. You aren’t living his life. He doesn’t care about you. He would probably hate your attitude and knock you out cold after you screech about ‘muh BBC’. Fix your own life first, then talk. Go on about it like this:
Brush and floss your stained teeth
Shave off your neckbeard
Take a shower and start scrubbing the crust out of your fat folds
Maybe wash your dick cheese off after daily use while watching doujins also keep your rubbing the Peter down to under once a day so your prostate doesn’t get fucked
Even if you can’t see it, people will smell it from 10 metres afar
You probably were too lazy to use paper towels while fapping, time to clean your stinking bedsheets and wipe the dried cum off your greasy chair
Also don’t forget to wash your ass, wouldn’t want to attract the flies again, would you
Shave your jungle armpits and your baboon crotch
Then have a cold shower for 5 minutes
If you’re too much of a bitch unironically neck yourself.
Tada, first step done.

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Leo Myers
Leo Myers

I guess that a tiny welfare state, ~700¥ minimum wage, fully privatised infrastructure and insane deficit spending is socialism now because muh collectivist ethics, thanks.

Reminder that Japan has a smaller public sector than the US, a "hidden" child and elderly poverty epidemic because of family-based redistributive systems collapsing together with those fabled 'ethics'and the population.

Also Abe is actively encouraging immigration from South Asia, just with even worse working conditions than in Europe, many 7-11 were staffed by Indians/ Philippinos last time I was there, shockingly many if you still pine for that hi tech ethnostate.

Still they're the best bulwark to Xi, so I guess for European socdems with an imperialist twist, Shinzo is /ourguy/

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Juan Torres
Juan Torres

Working conditions for foreign workers in Japan are awful. Many of the workers who come from SEA to work in factories are paid less than minimum wage, have to pay high commissions to the Japanese contractors in their countries and are easily dismissed thanks to various schemes and legal loopholes. Many run away because of awful it is and the government is trying to minimise it.
The reason the JCP (succdem) is opposed to immigration is because they know damn well how they are gonne be treated.
Funny enough, right wingers think Japan is cool because women are submissive and there are strict immigration laws. Wonder what do they think about Abe importing thousands of foreign workers.

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Jordan Lopez
Jordan Lopez

asahi.com/sp/ajw/articles/AJ201812020027.html

A letter of consent that technical trainees are required to sign at a training facility includes the clause, “Do not have any romantic relationship with the opposite sex."

Uphold late Capitalist incelism ABE thought

Leo Garcia
Leo Garcia

They are straight up wicked.

Aaron Richardson
Aaron Richardson

what about romantic relationships with the same sex tho?

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Colton Clark
Colton Clark

I would imagine they are okay with it, because it can't produce "mongrels".

Sebastian Flores
Sebastian Flores

Japan is called a communist country because Japan copied Stalin's five year plans in the 30s. That is the secret to their growth. Their capitalism is unlike any other in the world, at least, until the mid 80s. Read Chalmers Johnson's book on Japan. They restricted capital accumulation and gave corporate management to middle management instead of shareholders.

sup.org/books/title/?id=2791

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Leo Reed
Leo Reed

Alternatively, read Richard Werner's book on Japanese central bankers and how they plotted the giant bubble of the late 80s, and how Japanese economy crashed never to recover.

books.google.mv/books/about/Princes_of_the_Yen.html?id=8VwMxQY6Kj8C&printsec=frontcover&source=kp_read_button&redir_esc=y

Jordan Robinson
Jordan Robinson

Sounds interesting, thanks.

Dominic Edwards
Dominic Edwards

sup.org/books/title/?id=2791
BUY THIS BOOK
Gross.

The book is called "MITI and the Japanese miracle: the growth of industrial policy, 1925-1975" and is present on libgen.

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