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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19212)8/9/1998 4:05:00 PM
From: jayhawk969  Read Replies (1) of 50167
 
IQ,

I agree with the demographic argument. My guess is that Harry Dent author of "The Great Boom Ahead" and "The Roaring 2000's would also agree. For those that have not read his prophecy Harry predicts a strongly increasing American stock market until the Baby Boomer's are through their acquisition/spending cycle. His regression analysis holds water and is a strong supportive argument for the unprecedent boom we have recently experienced.
From Krugmans conclusion: What really disturbs me is this: If we don't really understand what has gone wrong in Japan, who's to say the same thing can't happen to us?
If the above premiss regarding demography is so, we may have a much stronger clue about a significant contributing force to these economic cycles.

I also believe that there is another contributing explanation. I have studied personality testing rather intently over the years. After spending the better part of four years in Japan in the late 70's it became apparent to me that the Japanese have a culture marked with a defined personality imprint. This culture reflects the personality of an STJ by Meyers-Briggs personality testing. What this really means is that the Japanese culture is highly methodical, systematic, rigid, rational, and is very driven to achieve end results. The culture can sacrifice a great deal to do so. You won't find the Japanese sitting around conceptualizing. They will let others do that and then drive the application. However, with all strengths there are weakness's. One such weakness is that the STJ personality has a difficult time seeing the forest for the trees. Under pressure this personality bears down and continues to do the same thing harder. In other words the Japanese are in a rut and it is almost impossible for them to self extract. Remember that it was primarily American efforts that jolted Japan into its rebuilding efforts after WWII. Turning around a nation in excess of 100 million people will be no easy task. History tells us that it requires great leadership. It may also require an intervention of sorts.

J.D.
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