Klaus Schwab, Chairman of the World Economic Forum (WEF), who advocates the "Great Reset of Capitalism", visited Japan on April 25. The morning edition of each newspaper the next day ran a nonsensical article stating that "Chairman Schwab paid a courtesy call on Prime Minister Kishida for 15 minutes." Some economic newspapers reported somewhat more specifically, saying, "The chairman appealed for solidarity in order to create a trend in international politics that will support the economic and social transformation in response to the situation in Ukraine and the post-coronavirus." The Kishida administration's economic policy changed dramatically when the chairman visited Japan. Criticizing neo-liberalism at the time of the inauguration of the administration in October last year, it seems to aim for Keynesian modified capitalism by correcting disparities and restoring the middle class. Suppress the advocacy easily. He came up with a "property income doubling plan" to act in Japan for the "great reset" advocated by the world's giant capital. While ostensibly covered with rhetoric, the new plan aims to promote an unprecedented depreciation of the yen to create a favorable investment environment for foreign capital and accelerate the “selling of Japan.” In addition to following the Abe administration's policy of military expansion to follow the United States, the Kishida administration is promoting the perpetuation of the "lost 30 years" of the Japanese economy under the name of economic revitalization.
■ Kishida vows to reset at the heart of the British and American financial institutions
With Schwab's visit to Japan, the yen depreciated at once. The average in March 2022 was 118 yen per dollar, but the average in September is 143 yen. During this period, the US 10-year bond interest rate rose from 2.6% to 3.9% due to monetary tightening measures, while Japan's interest rate remained at 0.16% to 0.255% due to the Bank of Japan's unconventional monetary easing. The widening long-term interest rate differential between Japan and the US is driving the yen to bottomless lows. The control of Japanese companies by foreign companies in the name of promoting foreign investment in Japan is underway. In other words, new conditions for “selling Japan” have been put in place.
Kishida mentioned the "Great Reset" at the Davos conference held online by the WEF in January 2022. After prearranging with Schwab in Japan, he boarded for London on May 4th. He put off a meeting with (then) British Prime Minister Boris Johnson and called for "invest in Kishida" at the guild hall of the world's financial center, the City. Kishida explained that the "new capitalism" he advocated was "an upgraded version of capitalism." He appealed for the effective use of the private sector with four pillars: "investment in people," "investment in science and technology/innovation," "investment in startups," and "investment in green and digital." He also promised that Japan would formulate a "new capitalist grand design and implementation plan" in June.
In September, he unveiled his "Kishida version of new capitalism" concept in New York, the headquarters of capitalism. On the 22nd of the same month when he attended the United Nations General Assembly, Kishida gave a lecture at the New York Stock Exchange (NYSE). As in his lecture in London, he pledged that the pillar of the revitalization of the Japanese economy will be "new capitalism," and that he will focus on such things as the realization of a green society, the promotion of digitalization, and investment in key people. Rather than a lecture, it was a pledge to faithfully follow the Great Reset led by the United States and Britain.
In September 2013, former Prime Minister Abe also called out to the NYSE, “Bye My Abenomics.” Kishida's "new capitalism" implementation plan and "big-boned policy" are nothing more than a return to Abenomics. It was said that ``maintaining high stock prices supported the Abe administration.'' However, since 2016, the "three arrows of bold monetary policy, flexible fiscal policy, and a growth strategy that stimulates private investment" have lost their effectiveness, and stock prices have leveled off. Therefore, Kishida abandoned the tightening of financial income taxation and restrictions on stock buybacks that he mentioned after he became prime minister, and appealed to the rise in stock prices due to the abolition of investment regulations. The lectures in London and New York were pledges strongly urged by the US and UK financial centers.
The word "distribution" disappeared from Prime Minister Kishida's policy speech at the extraordinary session of the Diet that opened on October 3. At the 10th Conference for the Realization of New Capitalism the next day, he avoided mentioning wage increases. The perversion is clear. Even so, his remarks varied depending on the situation, such as using the phrase "a virtuous cycle of distribution and growth" again in his answer to the House of Representatives plenary session on the 6th.
■ The other side of "The Great Reset"
Economist Schwab published two books, Shaping the Future of the Fourth Industrial Revolution in 2016 and COVID-19: The Great Reset in 2020. He pointed out that with the spread of advanced technologies such as AI, IoT, and 5G, and the automation of devices such as home appliances, all personal data will be accumulated on the government's central computer. On the other hand, he predicts that the new coronavirus could become endemic for decades, and that there will come a time when we will have to live with it. In other words, human management by IT devices is proposed.
Regarding the economic policy proposed by the Kishida administration, which was launched in October 2021, US President Biden jokingly said, "I thought it was my election pledge." In fact, the “new capitalism” was first advocated by the Biden administration. This is because the U.S. administration is an agency of the Council on Foreign Relations (CFR), which is effectively presided over by Wall Street led by the Rockefeller conglomerate, and is integrated with the WEF and the Davos Conference.
The "Great Reset" concept advocated by the WEF, which advocates a shift from shareholder capitalism to stakeholder capitalism that includes employees, looks good at first glance and is a plan that sounds good to the ear. However, on the flip side, there is a strategy that could turn capitalism back to the crude 19th century model by eliminating opposing forces such as socialist political parties and the labor movement, and by abolishing regulations that are disadvantageous to itself, such as worker protection. Lurking.
CFR's core companies include international financial capitals such as Goldman Sachs, JPMorgan Chase, Morgan Stanley, Citi, Bank of America, Merrill Lynch, and Moody's. IT and telecommunications giants such as Google, Facebook, and AT&T, and international energy companies such as Exxon Mobil and Chevron. These US companies are also core to the WEF Davos conference.
They aim to promote globalization, weaken national and governmental regulation, and ensure every region of the world as a free investment realm for themselves. By promoting neo-liberalism through the promotion of globalization, these private powers will function as a pseudo-world government that transcends existing sovereign states.
Sovereign states have a wide variety of regulations, including environmental protection, food hygiene, drug price caps, domestic law decisions on intellectual property, and regulations related to public utilities. The United States has withdrawn from negotiations on the Trans-Pacific Partnership (TPP). However, the ISDS clause proposed and adopted by the United States recognizes private powers over sovereign states. Companies and private powers can sue a sovereign state for damages if it is determined that state regulation will harm the future profits of the company, that is, if it is determined to be in violation of the TPP agreement. It does not require diplomatic protection from its home country. The true nature of the "Great Reset" is here.
The world's richest people and corporate giants at the CFR and WEF are the admirers of neoliberalism, which calls for deregulation and small government and advocates for market dominance. It is the culprit behind global warming and environmental destruction that have reached their limits, the downfall of the middle class, which is the safety valve of society, and the extreme widening of inequality that has destabilized society. In other words, they are the ones who have created the very contradictions that are the subject of the problems to be resolved in the "Great Reset," and the very forces gathering at the CFR and the Davos Conference.
Therefore, the “Great Reset” concept can only be seen as a plan to reset the global economy that they created themselves and replace it with a new global system. The rhetoric that adorns the surface of the conception is the vanity itself.
■ The Ukraine War & the Cold War against China and the Reset
Russian President Vladimir Putin criticized the forces pushing the 'Great Reset' agenda in an online speech at the 'Davos Conference' in January this year. He concluded that it was the globalization promoted by the United States, not the COVID-19 pandemic, that caused the widening social disparities, the spread of social unrest, and the crisis that many countries were in.
“Global socioeconomic imbalances are the result of dogmatic and brutal policies since the 1980s, which increased private debt in exchange for deregulation and tax cuts for the wealthy and corporations, spurring economic growth. It is based on the unspoken rules of the 'Washington Consensus', which is the overriding policy."
The “Washington Consensus” is a set of neoliberal rules that thoroughly relax regulations in each country and guarantee freedom of capital movement and investment. Putin sternly blamed the West for promoting globalization through the CFR and the Davos Conference.
Furthermore, he points out the negative aspects of relying on advanced IT technologies such as AI for the 4th Industrial Revolution, which is the core concept of the Great Reset.
“This process is bringing about new structural changes that could create serious problems in the labor market and could put millions of people out of work unless the state takes effective action. Many of these people are members of the middle class, the foundation of modern society."
Putin criticized limitless globalization as the biggest factor in dividing society on a global scale. condemned as an attempt. Russia thus faced off against the capital of the Western world, and the North Atlantic Treaty Organization (NATO) tried to lure Russia into a proxy war in Ukraine.
Putin advocates against globalization. In other words, Russia has formed a large anti-U.S.-European bloc centered on China like the Shanghai Cooperation Organization (SCO), Russia, India, Iran, and Central Asian countries. In addition, Saudi Arabia, Middle Eastern countries, Turkey, Latin America, and African countries are about to join together. This is the real cause of the war in Ukraine. The US and European global capital, or private power, with the Biden administration at the forefront, took this Davos remark as an opportunity to make the final decision to confront Putin and Russia, expel Putin, and move to establish a pro-US government in Russia again. This should be seen as The Ukrainian War will be the trigger for the Great Reset of the world.
The new Cold War with China became decisive when the coronavirus pandemic emerged from Wuhan, China. The Xi Jinping administration launched a zero-corona policy and was willing to implement a long-term city blockade. Maoist Xi Jinping is trying to draw a line with the reform and opening up policy. The long-term suspension of factory operations and the stagnation of logistics due to zero corona are spurring the disruption of the supply chain with China and the decoupling of the United States and China, which are promoted by the governments of the United States, Europe, and Japan, which protect multinational capital. The WEF's post-corona world can be interpreted as a paraphrase of the Great Reset, the dissolution of communist China.
Similar to “neo-Eurasianism,” Xi Jinping advocates socialism with Chinese characteristics. Today, the West does not perceive “liberal democracy” as an ideology, but rather as “a self-evident common sense.” On the other hand, Putin Russia argues as follows. “Globalism ignores the unique social ideas of each cultural sphere, and all cultures are cast into the exact same mold of market economy and democracy. Globalization ignores the uniqueness of each cultural sphere. Every country has the right to build a unique society based on its culture's unique social ideas, and should compete against the global 'liberal democracy'." This idea is the connecting point between Russia and China. The confrontation between “liberalism and hegemonism” that the United States and Britain call becomes “the confrontation between globalism and regionalism” from the perspective of China and Russia. It can be said that the Ukraine war and the new Cold War were this inevitable outcome.
■ The Kishida administration and the reset of the LDP
Following the Koizumi government's privatization of the postal service, US and British vulture capital has set its sights on liquidating Japan's more than ¥5 trillion in personal savings assets. In a speech at the New York Stock Exchange on Sept. 22, Prime Minister Kishida said that the NISA (tax-exempt system for small investments), which does not impose taxes on investments such as stocks, would become a permanent system. At the height of Japan-U.S. economic friction in the 1980s, it finally responded to the demand from the U.S. to correct the “S (savings) & I (investment) balance,” which called for “Japanese people with excessive savings to increase their investment ratio.”
If a significant amount of Japanese personal savings flows into the Japanese stock and securities market, the stock prices of foreign holdings invested in Japan will rise. The Kishida administration is promoting the NISA as contributing to the long-term asset building of ordinary Japanese people. As the "grand design of new capitalism," the seniority-based wage system has been reviewed, and support for relearning in the digital field has been raised to promote labor mobility. He has kept his mouth shut on drastic measures to stabilize employment. The pillar of economic policy, instead of a stable outlook for lifetime wages, is the doubling of asset income, which may entail large losses. be.
The Kishida administration, which has been in power for a year, has seen a significant decline in approval ratings due to Abe's state funeral, the Unification Church, and corruption in the Olympics, and the prevailing view is that it will be short-lived. But this administration has satisfied Washington more than the Abe Cabinet. In both military and economic terms, Japan is simply following the lead of American and British capital while making the appearance that it will "serve the people." Change your attitude in any way. Once ordered, such as Abe's state funeral, he stubbornly carries it out no matter how much opposition voices rise and the Cabinet's approval rating drops. No matter how much the yen depreciates, the government will continue to intervene in the exchange rate, and will stubbornly refuse to raise long-term interest rates until next year's change in the governor of the Bank of Japan. It can be said that it is a more convenient administration than the Abe administration.
It was exposed that the problem of the former Unification Church was ultimately a problem of the Abe faction of the Liberal Democratic Party (the Seiwakai whose founder was Nobusuke Kishi). Originally, the Liberal Democratic Party was established in 1955 by a group called Conservative Joint. Shigeru Yoshida, who led the Liberal Party and was the founder of the Koike-kai faction led by Kishida, opposed the merger with the Kishi-led Japan Democratic Party, which was integrated with the United States CIA and the Unification Church, and refused to join the party for two years.
If so, the emergence of the Unification Church issue after the assassination of Shinzo Abe after nearly 70 years is an opportunity to “reset the LDP.” The National Center Workers' Union "Rengo" cooperated with the Liberal Democratic Party, making it impossible for the opposition parties to fight together by isolating the Communist Party, not to mention the large-scale reorganization of the opposition parties that had been separated from each other. There is no doubt that the US CIA was behind the scenes. At present, there are no people willing to replace Kishida, and it is likely that measures will be sought to gradually bring the low approval rating to the surface.
Amplifying the fear of the use of nuclear weapons in the Ukrainian war, further escalating tensions on the Korean Peninsula and Taiwan, it is possible to stage an “unprecedented crisis meeting”. There is nothing more effective than inciting war to create a de facto one-party rule and support system.