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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: TobagoJack who wrote (54483)	9/4/2009 4:05:33 PM
From: elmatador	Read Replies (1) of 218085

by overthrowing the LDP, Japan’s voters have turfed out not just a party, but a whole system. After the LDP’s creation in 1955, Japan’s “iron triangle” of party, bureaucrats and business promoted breakneck growth, and distributed its fruits equitably: cheap finance for big business, contracts for construction companies, jobs for the masses, subsidies for farmers and re-election for the LDP machine. But corruption flourished, as tax money went to the highest bidders. Growth slowed from the 1980s, and the system was too inflexible to adjust. Voters grew more demanding. Roads, dams and temporary, low-paid jobs were no longer enough. People wanted careers. They wanted doctors, nursing homes and decent schools that would keep young families from moving to the big cities, leaving only the old behind (see article). And they wanted confidence that the government would still be solvent when they drew down their pensions—not a sure bet in a country with a national debt approaching 200% of GDP. economist.com Shape of things to come to the US... Two-Party system will go...

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