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Bulletins and News Discussion from October 28th to November 3rd, 2024 - LDP Falls Flat / Yet Neoliberalism / Rampages Onward - COTW: Japan

Image is from this SCMP article.

Much of the analysis below is sourced from Michael Roberts' great website.


Japan's ruling parliamentary coalition, consisting of the LDP (purple) and it's junior coalition partner Komeito (in light pink) have lost their ruling majority. They have ruled post-war Japan for almost its entire history. The LDP is currently led by Shigeru Ishiba after Kishida stood down due to a corruption scandal, and ties to the Unification Church.

While geopolitical factors (over the cold war between the US and China, etc) may have played a role, by far the biggest reason for this result in the poor economic conditions over the past few years. Inflation has risen and real wages have fallen, with little relief for the working class via things like tax reductions. While inequality in Japan is not as extreme as in America, it is still profound, with the top 10% possessing 60% of the wealth, while the bottom 50% possess just 5%.

Shinzo Abe previously tried to boost economic performance through monetary easing and fiscal deficits, while Kishida ran on a "new capitalism" which rejected Abe's neoliberalism and promised to reduce inequality. Nothing substantial has resulted from all this, however, other than increasing corporate wealth. Innovation continues to fall, and domestic profitability is low, resulting in decreasing investment at home by Japanese corporations. Labour productivity growth has only slightly picked up since the mid-2000s and is falling again. The rate of profit has fallen by half since the 1960s, and Japan has been in a manufacturing recession - or very close to it - since late 2022. In essence: there is no choice but between stagnation or decline.


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  • There's a lady on tiktok that comes up for me very often and she sets off my psyops alarm bells every time.

    https://www.tiktok.com/@openbookshelf

    She shows up for me often and has nominally soft socialist-adjacent criticisms of power, authority, current government, wealth, landlords, even anti-monarchism and anti-cop, etc etc etc. But when it comes to the biggest issues? The issues of anti-imperialism? She falls on the side of nato EVERY.SINGLE.TIME.

    She's a pretty lady, whose brand is basically a caricature of Britishness, she pulls off the British librarian caricature that I can only describe as like Rachel Weisz in The Mummy. Is almost always seen with a mug of tea in her hand and if it wouldn't make it too obvious I think they'd throw the British Union Jack flag in every video but instead they keep that to only a few.

    It's like she's tailor-made to suck people in to a kind of up your arse intellectualism that then redirects any potential anti-establishment or revolutionary energy into fucking uselessness.

    The biggest giveaway here however is that she worked in China until recently, for the Chinese government she claims, for 3 years. Yet she calls the party by the shibboleth CCP and regularly performs anti-China propaganda unprompted, like it's a job. She does not promote other left accounts. She does not promote events. She exists solely as a sheepdog.

    This strategy is what I think should be called "de-influencer", the goal is to stick people into the left that appear left and have a great media image that's attractive and easily something people can be sucked in by, and to use that to suck air out of the sails of real leftist influence in online platforms.

    I'm telling you, this woman is a cop. GCHQ, Scotland Yard, MI, some branch of Civil Service, maybe military, I don't know. But she's one of them.

    The fact that she stopped working in China at the exact moment in time China cracked down on western agents within their government makes me think she was pulled out because it got dangerous.

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