Mar 10, 2014
Abenomics in 14 Words
Posted on Oct 19, 2013
By Mike Whitney, CounterPunch
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.
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