Winner 2013 Webby Awards for Best Political Website
Top Banner, Site wide
Apr 17, 2014

 Choose a size
Text Size

Top Leaderboard, Site wide

Jeb Bush’s Optimism School
Climate Costs ‘May Prove Much Higher’




Paul Robeson: A Life


Truthdig Bazaar

The Death of the Liberal Class

By Chris Hedges
$16.47

The Inheritance

The Inheritance

By David E. Sanger
$17.79

more items

 
Report

Abenomics in 14 Words

Email this item Email    Print this item Print    Share this item... Share

Posted on Oct 19, 2013
m-louis (CC BY 2.0)

By Mike Whitney, CounterPunch

(Page 3)

No, of course not. And what about the “special agricultural zones”? Does anyone really believe that you can strengthen a recovery by allowing the behemoth multinational agribusinesses to run roughshod over Japan’s many mom and pop farmers who are fighting for survival?

No, again. The idea is laughable. Needless to say, none of Abe’s “reforms” are directed at the many overbloated and underwater “zombie” financial institutions that are responsible for the lion’s share of the bulging national debt. Regulation does not apply to these bloodsuckers who own the system and whose money puts flunkies like Abe in power.

Abe’s other “reforms” include lowering corporate taxes, bigger out-of-pocket medical payments, a rise in the retirement age, and “the largest-ever cut to welfare benefits.” The common thread in Abe’s so called reforms is not hard to sort out; It’s tax breaks and subsidies for the rich, and austerity for everyone else.

And that’s why Ferrari sales are red-hot, but beer sales are in the dumps.

Advertisement

Square, Site wide
MIKE WHITNEY lives in Washington state. He is a contributor to Hopeless: Barack Obama and the Politics of Illusion (AK Press). Hopeless is also available in a Kindle edition. Whitney’s story on declining wages for working class Americans appears in the June issue of CounterPunch magazine. He can be reached at {encode=“fergiewhitney@msn.com” title=“fergiewhitney@msn.com”.


New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Newsletter

sign up to get updates


 
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.