🚀 go-pugleaf

On 22 Oct 1997 23:19:12 GMT, Alan Luchetti
<luchetti@DEL_CAPStalent.com.au> wrote:

>Maciej Skrobisz <mskr@novci2.ae.poznan.pl> wrote:
>
>>I think You're right. Besides of that the new theory of R. Lucas jr.
>>says that every try of a state into an economy must lead to some
>>disturbances but will never be helpful.
>
>Japan would disagree -- and has the economic success to prove the 
>validity of its disagreement.

	Yeah, I guess that's why they've been in recession for 5
years, a government budget out of control in deficit, a PM desperately
trying to free up Japanese industry (ie remove the much vaunted
inter-connectedness between firms which is no longer helping them), a
huge trade surplus (which is as bad as a huge trade deficit) and a
massively screwed up financial sector ($600bn in bad loans anyone?)
beset with corruption. Methinks you read too many 1980 Japan booster
books. Yes, Japan is certainly a shining example of economic success.
Glad my future isn't invested in Sumitomo Bank.
--
Troy Heywood
E-mail at troyh@cobweb.com.au

Visit my web page at http://www.cobweb.com.au/~troyh
I'm pro-free trade, pro-deregulation, pro-enterprise bargaining,
pro-foreign investment, pro-minimal government, pro-free speech,
pro-atheist and mighty proud of it.