Thursday, August 25, 2005

Just like a real blog

I've just finished reading a book called "Japan Swings" by Richard McGregor and I really liked it. Admittedly I had to skip bits (specifically the boring bits about the Japanese economy and politics), but, in general, it was very interesting. The book talked about a lot of stuff Japanese - cultural issues, the economy and politics, the royal family etc.

Did you know that Australia is one of the few countries in the world without a trade deficit with Japan (this means, basically, that we sell more to the Japanese than we buy from them). This sounds good doesn't it - but I don't think it actually is. What we sell is mostly raw materials (we are mainly primary producers) which the Japanese then process, manufacture and sell it on to everyone else at a profit.

So we employ a relatively small number of people to get these raw materials, which the Japanese, employing a much larger number of people, change to something complicated for profit. They are generating more jobs, better technology and a healthier economy when all we are doing is pretty much selling off stuff. Eventually we are going to run out of stuff and we don't really have enough technology or skills to save ourselves.

And our twat of a Prime Minister still thinks that we are "The Lucky Country".


Anonymous FMBG said...

If the Comparative Religions thing doesn't work out, you always have a promising career as an economist. These over-educated pecker-heads that call themselves economists are screwing everything up. When I come to rule the universe, a panel of 7 factory workers will be in charge of the economy.

9:36 pm  
Blogger MC Etcher said...

When I read the title 'Japan Swings', I picture geisha with cocktail shakers, 60's hairdo's and patrons with those bad 70's mustaches.

I don't know why.

1:51 am  
Blogger Craig said...

I really don't have anything to say about this post. I just wanted to see the word verification on your site, since you were bragging about it.

9:07 am  
Anonymous Russ said...

<3 John Howard

9:16 pm  

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