TOKYO (Kyodo) -- People took to the streets Saturday in Tokyo as the "Occupy Wall Street" movement to protest widening income disparities spread across the world, with similar rallies being held in Australia and Taiwan the same day.
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About 100 people including children and senior citizens gathered in Tokyo's Hibiya Park and started marching around 12:30 p.m. toward the nearby government office quarter in Tokyo's Kasumigaseki district, waving placards bearing a variety of slogans.
Are you kidding me? 100 people? This is newsworthy? What a joke.
The demonstration was organized by a group called "Occupy Tokyo" founded a week ago.
"I was touched by the Wall Street movement," said Masaki Shoji, a 19-year-old freshman at Hosei University who participated in the demonstration.
Translation: "It seems trendy so I want to be a part of it. But it isn't a real protest. That would be too much work. We figure we could get together and carry placards and enjoy a nice walk on a Sunday!"
"Japanese are often seen as being unassertive, but I wanted to show that we can stand up as well."
Translation: The Japanese are unassertive, and I wanted to show that to be true."
The demonstrators passed in front of the headquarters of Tokyo Electric Power Co., the operator of the crippled and radiation-leaking Fukushima Daiichi nuclear power plant, with some of them shouting, "Stop nuclear plants now."
Translation: Like I said, whatever is trendy at the moment works for us.
Chiyoharu Yamasaki, 64, said he came from Yokohama to protest nuclear power generation. "I am surprised that there aren't very many young people taking part," he said.
Right! We are talking about young people who like their conveniences, you know.
"Japanese have never really taken action even when they felt angry about something...so I thought I'd come this time. Japanese youth should speak up more," he said.
"...So I thought I'd come this time. Japanese youth should speak up more.." Well, you thought wrong.
The article continued:
In Roppongi, about 30 people gathered and exchanged messages via the Internet with activists in the United States.
Thirty people? Wow! Now there's a real demonstration that will scare the authorities!
The modern demonstrations in Japan are, like I said, a farce. There is no direction and it means nothing. Just another demonstration by a bunch of ill-educated idiots who have no direction and no policy. The Japanese will not rise up until they have a focused target and enemy that they can direct their attention at. This "Support Wall Street" and "No nuclear power" is just a hodge podge that, ultimately means zip. Zero. Nada. Nothing.
And I am no hypocrite. I do not condone violence. But I also do not condone this pissy wimp assed protests. OK, folks. We don't need violence, but how about some protests that make the authorities stand up and take notice?
And don't think I don't offer solutions. Here's one:
Protest against the bankers and the bad economic conditions? Try this:
Instead of 100 people getting together for a walk to to hang around Roppongi using their Twitter accounts, how about getting a few hundred people to dress up all in the exact same color? Say black clothes. Add the Japanese touch by wearing headbands.
Get these few hundred people to march in smart step from some big train station to some predesignated meeting place for about 30 minutes. There, when everyone is gathered around, light a large fire and have every single person in the progression burn their credit cards.
While they hold up their burning credit cards and placards then they chant something like "Down with the bankers" or whatever the designated target is.
Do you think having a few hundred Japanese all dressed in black burning their credits cards won't make the big news all over the world?
I'll bet it would.
But would it matter? Probably not. Even though it would make a good image, if the people don't get organized and arrange these types of protests all over Japan, then it won't matter...
It certainly won't matter if, after they burn their credit cards, that they take off their headbands and get right back to business as usual.
Here are some realities for everyone to think about and (hopefully) understand:
Government cannot expand faster than domestic economic output does. That is, if you want government to get bigger, the economy must get bigger to support it.
Growth in the economy must come from economic surplus, not borrowing. Economic surplus is what you have left after you (1) labor, and (2) pay for all of the things you must buy with that labor. Whether your payment is direct (e.g. you pick strawberries and get to keep X% of your output) or indirect (you are paid a wage in "dollars" and then spend that money) the fact remains that economic growth can, in the long run, only come from economic surplus
The process by which economic surplus is turned into economic expansion is called capital formation. Capital formation is not borrowing; borrowed funds are fungible (that is, interchangeable) with formed capital but they are not the same thing. Only capital formation produces lasting prosperity. Replacing formed capital with borrowed funds produces bubbles; these are inherently pyramid schemes in both concept and execution and thus must eventually burst.
Due to inefficiency in all things, including the markets, when a bubble bursts you're worse off than if it had never occurred in the first place. This is the principle known simply as "there's no such thing as a free lunch." It's true in thermodynamics and it's also true in economics.
