Japan I Do Not Think That Japan Essay

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Japan

I do not think that Japan avoided the monstrous hybrid trap. The monstrous hybrid can manifest itself as a government entity using guardian methods to impact on commerce. During the economic rise of Japan, this was very much the case, as the government maintained strict control over the trading function through the keiretsu, commercial groups with close ties to each other and to government officials. This system was deliberate on the part of the Japanese government, and the corporations in question received substantial support over the years. This is the form in which Japan developed its monstrous hybrid. The period of economic stagnation that Japan endured from 1990-2005 is symptomatic of a banal outcome of a monstrous hybrid -- an economy dependent on tight relationships and fierce loyalty struggled over a long period of time specifically because of the way those bonds inhibited innovation and the trading function.

Once Japan entered into its recession, characterized by a liquidity trap, the government had no choice but to increase its involvement in the economy, through both intensive fiscal and monetary policy.

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The Japanese government was also compelled to begin to break up the keiretsu system in order to stimulate more innovation in the economy. The monstrous hybrid needed to be broken down somewhat, and the process was difficult. In particular, the Japanese people had become accustomed to this system and it took a long time for the society to think in terms outside of the monstrous hybrid system. Japan's monstrous hybrid may have been relatively banal in terms of its outcomes -- economic stagnation was not met with police state, removal of freedoms or other such negative consequences -- but nor can it be argued that Japan avoided the monstrous hybrid. It simply avoided the worst outcomes associated with monstrous hybrids.

Japan's situation, especially during its long recession, bears some hallmarks of the zombie….....

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