In the post-cold war period, Japan has been continually buffeted by the winds of market fundamentalism in a US-led movement that is more usually called globalization. Freedom is supposed to be the highest of all values, but in the fundamentalist pursuit of capitalism people are treated not as an end but as a means. Consequently, human dignity has been lost.
The recent financial crisis and its aftermath have once again forced us to take note of this reality. How can we put an end to unrestrained market fundamentalism and financial capitalism that are void of morals or moderation in order to protect the finances and livelihoods of our citizens? That is the issue we are now facing.
In these times, we must return to the idea of fraternity -- as in the French slogan "liberte, egalite, fraternite" -- as a force for moderating the danger inherent within freedom. It must be the compass that determines our political direction, a yardstick for deciding our policies. The idea of fraternity is also the spirit behind our idea of achieving "an era of independence and coexistence" in today's world.
Fraternity as I mean it can be described as a principle that aims to adjust to the excesses of the current globalized brand of capitalism and accommodate the local economic practices that have been fostered through our traditions.
The recent worldwide economic crisis resulted from a way of thinking based on the principle that American-style free-market economics represents a universal and ideal economic order -- and that all countries should modify the traditions and regulations governing their own economy in order to reform the structure of their economic society in line with global standards (or rather American standards).
In Japan, opinion was divided on how far the trend toward globalization should go. Some people advocated the active embrace of globalism and supported leaving everything up to the dictates of the market. Others favored a more reticent approach, believing that effort should be made instead to expand the social safety net and protect our traditional economic activities. Since the administration of Prime Minister Junichiro Koizumi (2001-2006), the Liberal Democratic Party has stressed the former while we in the Democratic Party of Japan have tended toward the latter position.
(For context on Japan's election August 30, read:Briefing: Why power may shift in Japan)
The economic order or local economic activities in any country are built up over long years and reflect the influence of each country's traditions, habits, and national lifestyles. However, globalism progressed without any regard for various non-economic values, nor for environmental issues or problems of resource restriction. If we look back on the changes in Japanese society that have occurred since the end of the cold war, I believe it is no exaggeration to say that the global economy has damaged traditional economic activities and destroyed local communities.
Capital and means of production can now be transferred easily across international borders. However, people cannot move so easily. In terms of market theory, people are simply personnel expenses, but in the real world people support the fabric of the local community and are the physical embodiment of its lifestyle, traditions, and culture. An individual gains respect as a person by acquiring a job and a role within the local community and being able to maintain his family's livelihood.
Under the principle of fraternity, we would not implement policies that leave economic activities in areas relating to human lives and safety, such as agriculture, the environment and medicine, to the mercy of the tides of globalism.
Our responsibility as politicians is to refocus our attention on those non-economic values that have been thrown aside by the march of globalism. We must work on policies that regenerate the ties that bring people together, that take greater account of nature and the environment, that rebuild welfare and medical systems, that provide better education and child rearing support, and that address wealth disparities. This is required in order to create an environment in which each individual citizen is able to pursue happiness.
Overcoming Nationalism Through an East Asian Community
Another national goal that emerges from the concept of fraternity is the creation of an East Asian community. Off course, the Japan-US security pact will continue to be the cornerstone of Japanese diplomatic policy. Unquestionably, the Japan-US relationship is an important pillar of our diplomacy. However, at the same time, we must not forget our identity as a nation located in Asia. I believe that the East Asian region, which is showing increasing vitality in its economic growth and even closer mutual ties, must be recognized as Japan's basic sphere of being. Therefore, we must continue to make efforts to build frameworks for stable economic cooperation and national security across the region.
The recent financial crisis has suggested to many people that the era of American unilateralism may come to an end. It has also made people harbor doubts about the permanence of the dollar as the key global currency. I also feel that as a result of the failure of the Iraq war and the financial crisis, the era of US-led globalism is coming to an end and that we are moving away from a unipolar world toward an era of multipolarity.
However, at present, there is no one country ready to replace the United States as the world's most dominant country. Neither is there a currency ready to replace the dollar as the world's key currency.
Although the influence of the US is declining, it will remain the world's leading military and economic power for the next two to three decades. Current developments show clearly that China, which has by far the world's largest population, will become one of the world's leading economic nations, while also continuing to expand its military power.
The size of China's economy will surpass that of Japan in the not-too-distant future. How should Japan maintain its political and economic independence and protect its national interest when caught between the United States, which is fighting to retain its position as the world's dominant power, and China, which is seeking ways to become dominant?
To continue reading Yukio Hatoyama's article at Christian Science Monitor Online, please click here.
Yukio Hatoyama heads the Democratic Party of Japan.
This is an abridged version of an article entitled "My Political Philosophy" in the September issue of the monthly Japanese journal Voice. Copyright Voice/Global Viewpoint Network, hosted online by Christian Science Monitor. Distributed by Tribune Media Services.
"Freedom is supposed to be the highest of all values, but in the fundamentalist pursuit of capitalism people are treated not as an end but as a means. Consequently, human dignity has been lost."
Freedom is a high value in America, when you're speaking to individual people of the freedom of speech, the freedom of religion, etc... Businesses in our Capitalist society, on the other hand, are not thought of the same, nor are they treated the same by our government.
It's important to make that distinction when you're using the word freedom as a synonym for capitalism.
To the extent that such a situation exists in Japan and has not brought the country to ruin, it is only because of the cultural dynamic of the Japanese society, which is to concentrate on fixing problems by working together rather than assigning blame and looking for a man on a white horse to come along and change things. I have no idea how long Mr. Hatoyama and the DPJ will stay in power, but I feel they have good ideas for Japan and I wish them well.
The simple fact is that capitalism cannot be patriotic when it lives as a fluidic thing that knows no borders.
It eats, breathes and lives in whichever country that fleetingly can provide it with daily profit...
So what we really need to do is tax at 75% those who would invest their capital in foreign countries, and tax at 17.5% those who invest in our homeland. Only in this way can we return capitalism to being the much-adored and patriotic thing that Americans naively believe it to be.
Our best and brightest once worried about the tyranny of communism, but I think the world now has more to fear from the "free" market and global capitalism.
Move over, Russia! There's a new evil empire on the block!
The hatred between today's American Dems and Repubs rests solely on the globalization issue, each party blaming the other, and whoever believes it was Reagonomics or Bushisms or whatever, conveniently forgets who pushed through GATT and NAFTA (Clinton). It was and is BOTH political parties shoving this asinine concept of market fundamentalism down our collective throats, everyone hated it, everyone tried to keep Wal-Mart out...did it work? No. When the global market collapsed, was it allowed to fail? No.
Hollywood has gleefully gone global now. Seen any good movies lately? I just don't get what took everyone so long to notice. It's been going on for 20 years, it could have been stopped. Now it's too late.
So true! However, it is false to say that the American economy is based on a free market. Corporations have immoderate say in our legislature, and that distorts the free market forces that shape the economy.
as the market is already dominated by the elites.
stop investing in wall street against your own ideal.
stop buying corporate products whenever possible.
start recycling, repairing, bartering, and sharing.
start or join non-profit credit unions.
start growing food for yourself and your neighbors.
watch the evil wither and your dream come true.
Freedom of individual thought. Tempered by tolerance of the thoughts of others.
Egalite
Progression by contribution. Rather than extraction.
Fraternite
Unity of action. To enable and support the above.
Or to put it in perspective. Robots may build things more effectively than humans can. But at the end of the day, no robot has ever bought anything.