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Old 12-04-2007, 05:51 PM
 
433 posts, read 1,408,125 times
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Okay, so if capitalism is so socially damaging, then why is Japan such a sparkling success as a country? They have a microfraction of the socialism we have over here, and yet they seem to do just fine. Everything over there is capitalism. And it works!

Someone from the left please try to explain this to me...
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Old 12-04-2007, 05:59 PM
Status: "Elect a clown? Expect a circus!" (set 5 days ago)
 
Location: By the sea, by the sea, by the beautiful sea
58,062 posts, read 40,822,694 times
Reputation: 29744
Quote:
Originally Posted by briarwood View Post
Okay, so if capitalism is so socially damaging, then why is Japan such a sparkling success as a country? They have a microfraction of the socialism we have over here, and yet they seem to do just fine. Everything over there is capitalism. And it works!

Someone from the left please try to explain this to me...
What are you basing "They have a microfraction of the socialism we have here" on?

A quick search on healthcare alone brings:


Japan's health care system is characterized by universal coverage, free choice of health care providers by patients, a multi-payer, employment-based system of financing, and a predominant role for private hospitals and fee-for-service practice. Virtually all residents of Japan are covered without regard to any medical problems they may have (so-called predisposing conditions) or to their actuarial risk of succumbing to illness. Premiums are based on income and ability to pay. Although there is strong government regulation of health care financing and the operation of health insurance, control of the delivery of care is left largely to medical professionals and there appears to be no public concern about health care rationing.

That alone seems to surpass a 'microfraction'
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Old 12-04-2007, 06:02 PM
 
5,767 posts, read 10,280,500 times
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They do have nationalized health care, though...
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Old 12-04-2007, 06:04 PM
 
394 posts, read 204,670 times
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god I am so envious of countries who have a Universal Health Care
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Old 12-04-2007, 06:25 PM
 
433 posts, read 1,408,125 times
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Quote:
Originally Posted by burdell View Post
What are you basing "They have a microfraction of the socialism we have here" on?

A quick search on healthcare alone brings:


Japan's health care system is characterized by universal coverage, free choice of health care providers by patients, a multi-payer, employment-based system of financing, and a predominant role for private hospitals and fee-for-service practice. Virtually all residents of Japan are covered without regard to any medical problems they may have (so-called predisposing conditions) or to their actuarial risk of succumbing to illness. Premiums are based on income and ability to pay. Although there is strong government regulation of health care financing and the operation of health insurance, control of the delivery of care is left largely to medical professionals and there appears to be no public concern about health care rationing.

That alone seems to surpass a 'microfraction'

That is not socialized medicine (ala NHS). It says it is mostly in private hands.
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Old 12-04-2007, 06:32 PM
 
Location: America
6,985 posts, read 15,454,757 times
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Quote:
Originally Posted by briarwood View Post
Okay, so if capitalism is so socially damaging, then why is Japan such a sparkling success as a country? They have a microfraction of the socialism we have over here, and yet they seem to do just fine. Everything over there is capitalism. And it works!

Someone from the left please try to explain this to me...
japan is a decade ahead of America. I suggest you do research on the "Asian tigers" and what happened to them. I had to do a case study on them. thing's got so bad because of credit over there that they had to forgive EVERY loan in the country and start from scratch. They are far from the sparkling gem you have conjured up in your mind they are.
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Old 12-04-2007, 06:44 PM
 
Location: Sacramento
13,781 posts, read 23,758,379 times
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The major stock market index for Japan, the Nikkei 225, is about at the same level it was at the summer of 1987, over 20 years ago. The index peaked at about 40,000 in 1990, and is still over 50% below the peak, unadjusted for inflation. It is about as bad as the Great Depression, in terms of stock market performance.

^N225: Basic Chart for NIKKEI 225 - Yahoo! Finance
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Old 12-04-2007, 06:46 PM
 
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However, the average Japanese person never used the Nikkei as a pension retirement vehicle, either.
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Old 12-04-2007, 06:54 PM
Status: "Elect a clown? Expect a circus!" (set 5 days ago)
 
Location: By the sea, by the sea, by the beautiful sea
58,062 posts, read 40,822,694 times
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Quote:
Originally Posted by briarwood View Post
That is not socialized medicine (ala NHS). It says it is mostly in private hands.


It also says "there is strong government regulation of health care financing and the operation of health insurance" and "Premiums are based on income and ability to pay" as well as "Virtually all residents of Japan are covered without regard to any medical problems they may have (so-called predisposing conditions) or to their actuarial risk of succumbing to illness."

Surely it's not a profit driven purely capitalist system and it's obvious government regulation plays a large role in that. Premiums based on income/ability to pay as well as no disqualification for pre-exisitng conditions is a vast difference from what we have in the US.
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Old 12-04-2007, 08:28 PM
 
Location: Near Manito
19,498 posts, read 20,844,629 times
Reputation: 13756
Where to begin, where to begin.

Comparing Japan to America is a fool's errand. Japan is a demographically shrinking, highly homogeneous society with shared values, history, language, culture, and a broadly standardized social consciousness. There is virtually no racial minority presence. The savings rate is many times that of Americans. The high degree of collective conservatism and general functional competence in Japan makes things like universal heatlh care and social welfare programs more a question of method than philosophy.
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