How Japan Became an Economic Powerhouse - Cold War DOCUMENTARY
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- Опубліковано 12 бер 2021
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Our historical documentary series on the history of the Cold War continues with a video on the Japanese Economic Miracle, as in the aftermath of its defeat during the World War, the Empire of Japan attempts to revive its economy despite and sometimes with the help of the American occupation.
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#ColdWar #Japan #EconomicMiracle
This video was sponsored by Bokksu
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I to have a Mazda and a Playstation
I hope that in the future you plan an episode about Korea.
I was born in 1951. Growing up in the 1950s, I recall how the American market was flooded with cheap, stamped-metal toys marked "Made in Japan." If a kid in our neighborhood was showing off a new toy, we would mock him by saying, "Look! Made in Japan." Sometime in the early 1960s, I read an article in Reader's Digest titled, "Made in Japan, Mark of Quality." The article praised the exceptional quality of Japanese cameras and consumer electronics.
I remember this joke 7 years ago but about made in china cheap material
"Made in Japan" was meant to be a marketing tactic against foreign goods in the 1930's and 1940's. Then Japan made it good for the same price...
The same thing could happen to "Made in China".
Early on, Japan was forced to use cheap materials in their Manufacturing, and was known to reuse sheet metal, and would even include bricks inside their Electronics to increase their weight and perceived value. This changed as the Feudal System rapidly disappeared, and Vertical Integration of Japanese Companies allowed for Quality Goods and Services to emerge.
@@axelpatrickb.pingol3228 Same was true for german goods in the uk during the 19th century.
I'm going to be honest, I wasn't expecting Bokksu to be a sponsor of the Cold War.
They are and the box is really really good!
hopefully not the sponsor of the real Cold War... or maybe we don't know something and actually Bokksu was pulling the strings with the USA and USSR
Bokksu secretly an arms dealer
1950s - 1960s: Let's rebuild
1970s - 1980s: Go, Japan, go, go!
1990s: *YES, RICO. KABOOM*
Plaza Accord?
Also the US in 1990s: haha Trade war go brrrrrrr
@@Joshua_N-A The Plaza Accord was in the 1980s, as in September 1985. Also included the UK, France and West Germany. Issues that lead to the "Lost Decade" unfolded between 1989 and 1991. Frankly, Japan seemed to be doing "OK" even in 1990 and going into 1991, when I was there.
At best, the argument could be made that Japanese institutions sought to ensure continuing growth in the face of an appreciating Yen by stimulating the domestic economy and over did it with particular loan policies. Interestingly enough, Japan's trade deficits with the US didn't really decline, unlike with the Western Europe countries.
@@michaeldunne338 probably because the US and Japan are BFFs, then and now. The only countries that beat Japan and American buddies are the British and their commonwealth (canada, Australia, New Zealand). The Japanese and American civilians also love eachother.
The Plaza Accord was in my opinion one of the worst things the US did during the 80s and 90s. It created a massive blow to large parts of asia including allies like the Philippines and South Korea while helping China to extend their influence across asia to fill the gaps the US created and helped China move forward towards the imperialistic nation they are today and helped rush the new cold war into creation.
"Ive only accomplished one or two of the ten things Id hoped to achieve"
-Iwasaki Yataro, Founder of Mitsubishi
Love your channel!
You know what Mitsubishi made during WW2? Zero.
@@harunsuaidi7349 Yes sir! They made a whole lot of Zero.
''Joseph Dodge''. You can just tell that his childhood friends just threw stuff at him while calling his name.
Any relationship to Dodge brothers of car fame?
Bet i know which brand of car he had
Especially back in that time period.
@@karoltakisobie6638 Don't believe so. But he was from the Detroit area too.
Still…
Really interesting episode. I had no idea that the US and the Korean War had such a massive impact on Japans economical growth.
also during the Vietnam War, Japan was US Army's closest repair and spare parts' depot. Fortunes were made from army contracts (even JP labour force was dirt cheap then) and the whole industrial sector was rebuilt.
@@kittinplus4 Korea similarly gained checks from the US for contributing 300,000 troops to Vietnam
@@garden3818 Exactly! And, after South Korea's near defeat early in it's war with North Korea/China the South Korean people were dedicated. They adopted a 'Never Again' mindset like the Jewish people had. They became some of the toughest and committed soldiers in the world. They were (and are) one of America's greatest allies.
Yall Take Care and be safe, John
@@JohnDoe-pv2iu it seems as though the current SK government is very sympathetic to far left ideology (I.e. controlled by the ccp), which is very unfortunate.
@reaver_k's archives wtf are you talking about? Lmao.
I'm suprised W. Edwards Deming wasn't mentioned. General MacArthur brought Deming to Japan after WW2. He was tasked with teaching quality control techniques to Japanese engineers. From June-August 1950, Deming trained hundreds of engineers, managers, and scholars in concepts of quality.
Deming taught:
Better design of products to improve service.
Higher level of uniform product quality.
Improvement of product testing in the workplace and in research centers.
Greater sales through global markets.
Deming made a significant contribution to Japan's reputation for innovative, high-quality products, and for its economic power. He is regarded as having had more impact on Japanese manufacturing and business than any other individual not of Japanese heritage.
My father got to meet him & go to some of his talks, he has a signed copy of out of the crisis & it’s his favourite thing ever. A truly great man
"concepts of quality" I think you got that the wrong way around, the Japanese have always produced very high quality goods at low prices, a skill which the Japanese taught to the Americans.
@@dreamdiction I got it right the first time. Don't know how old you are but I was born in Japan during the official occupation in 1951. The first 15 years after WW2 ended Japanese goods were not generally known for quality. Yes, there were a few exceptions such as Nikon cameras and a few other products.
I do remember when Japanese products started to gain respect in the mid 1960's. That was due to the lessons taught by Mr W. Edwards Deming and others starting to bear fruit.
@@Mondo762 Japan was renowned for all their metal, wood, fabrics and porcelain ware being of world leading quality between the 16th Century to the present day. In 1905 the Japanese navel sank the whole Russian Navy, the Japanese were producing top quality cars and cameras before WW2 started. What has america ever exported other than cheap grain?
@@dreamdiction What an odd argument you make. The subject is about post-war manufacturing, not naval warfare or porcelain or metal or wood or fabrics.
The car market was very weak in Japan before the War. The companies that did exist had to partner with European firms. Back then Japanese cars were produced under license with designs coming from Europe and the US. That's right, the Japanese copied European and American designs.
From 1925 until the beginning of World War II, Ford and GM had factories in Japan, where they dominated the Japanese market. The Ford Motor Company of Japan was established in 1925 and a production plant was set up in Yokohama. General Motors established operations in Osaka in 1927. Chrysler also came to Japan and set up Kyoritsu Motors.
For the first decade after World War II, auto production was limited, and until 1966 most production consisted of trucks.
Of course we all know Japanese automotive production took off in the late 1960's and has dominated for a long time.
It’s a POST-WAR ***ECONOMIC MIRACLE***!!
Best short form audio visual presentation of a countries history.
Japan, Korea, Germany, all of them had economic miracles, but I hate that the massive role US support played in these miracles are always underestimated. I hate it because I see people chastising other countries poor countries for not being like Japan, Korea, Germany, saying they don't work hard enough. No, no amount of hard work is going to get you ahead of the guys who got billions of free investment from the world's largest economy and free protection by the world's largest army.
The best example is eastern europe. Before the war, some of those eastern european countries had better economies than what Italy had.
Western Europe, and especially the western european worker ows its prosperity to Marshall Plan.
Correct it doesn't get mentioned. Even around China miracle starting in 79 Nixon had started friendly relations with China and us already had hk as investment zone
Yes, and they didn't develop themselves following the rules of "free market" and "neoliberalism", there was a lot of planing and direction. More, the actual people of those countries grew richer while they were being protected from unregulated exploration from their employers, but now the idiots insist they we should "let the market regulate itself" and deregulate everything, pure madness.
Not to detract from the hard work and innate intelligence of the Japanese people, but without the American industrial experts who showed the Japanese the way to manufacture, the "miracle" would have taken a lot longer. The highest award for quality in Japan is still the Deming Prize - named after J. Edwards Deming who, among other American manufacturing experts, jump started Japanese manufacturing and led directly to their emphasis on quality.
I take your point but let's also remember that Japan's initial industrial development was based on their correctly appreciating Western systems and the power they engendered. The Japanese were culturally ambitious and crucially chose the correct path forward while others stagnated, their leadership doubling down on traditional social economic and political systems.
Japan's development model was then emulated by the Chinese decades later.
Unfortunately with a fair amount more spacial inequality, but I suppose it’s much harder to manage on such a massive scale
Another Surprisingly thing they Have in-common; Bad Demographics, Both Japan and China have an aging population with low births, increasing liabilities for low growth of labor assets in the Economy.
Japan has already faced acute effects of this, Called the 'Lost decade', De-inflation, Negative Economic growth, and Population. China might go down the same route by 2040-50.
@@dhruvgandhi1755 china losing 400+ million in population in the next 80 years will probably cause this
Yes,except they remained communists and expanded on it. Atrocities haven't been stopped and they keep going since 1949.
@@dhruvgandhi1755 Yep and because of this the PRC is on a timer to secure its position so it's moving as fast as possible and being as aggressive as it can, massive aging population with a smaller younger generation is bad for an economy based on labor. It's bad if you have to fight a war too. It also can drag the economy due to the need of a lot of social services.
China is likely going the way of Japan, it will grow till it can't then retract and eventual have a stagnant stabilization. When the growth slows down people are going to start looking for reform and questioning the CCP so the country is probably going to turn a bit more inward (which the CCP is afraid of an already preparing for, hence the, by western standards, dystopian-like social controls) My guess is that the CCP will try to offset the loss of labor with automation to vary degrees of success.
But predicting the future is hard, take what i've said with a grain of salt.
Dr. Deming also imported US Quality Management Systems into Japan, to the point that US firms could no longer compete in Manufacturing. Deming would also rail against the Big 4 US Auto Manufacturers to adopt Quality measures to regain their Market Share in the US and abroad. And while there are many Quality Awards, such as the Malcolm Baldridge Award for the US, it is the Deming Prize which is awarded to International Companies seeking Quality Management recognition and achievements.
Was there any attempt to adopt the Toyota Way or JIT manufacturing system in the US?
@@Joshua_N-A Yes, and there are State and National Quality Awards as well. And awardees also consistently outperform their competitors on the Standard and Poors by a considerable margin.
The Japanese worked hard to learn from a lot of different sources though either U.S. or Europe like sending engineers abroad and stuff plus Japanese quality management dates back to the military engineers and showa statism's companies, much of the government budget and incentives went for the armed forces, heavy industry, chemical and railways during the 1930s and 1940s (these people later played a crucial role in Japan's postwar industry), therefore no vehicles or electronics included in the plans, things that make contemporary japan known for. Deming is overrated, it should be said he tried to do for the U.S. and european automakers what he did in Japan... guess what? He was far from accomplishing the same results... In 1980, he was featured prominently in an NBC TV documentary titled "If Japan can... Why can't we?" about the increasing industrial competition the United States was facing from Japan. As a result of the broadcast, demand for his services increased dramatically, and Deming continued consulting for industry throughout the world until his death at the age of 93.
@@kddiodox Why is Deming overrated? If his actions were significant enough to warrant attribution through history, it would seem that his impact was more significant than not. Part of the difference between Japan and US is that the Japanese made the changes without additional pay/cost, whereas in America, changes resulted in increased pay/cost. Regardless of that, for a man to continue to do his work through retirement age into old age and eventually death, hardly makes an overrated man. His dedication alone is mirror by that of the industrial boom in Japan.
Clearly, it was anime that saved Japan - every pleb who thinks they're being meme funny whenever Japan is mentioned
Thanks to all anime otakus and weebs around the world Japan survive late 90s recession economic crisis
Nah it was clearly Godzilla
Anime was a byproduct of the economic miracle.
too bad american and european animation suck ass with Disney being the sole exception
I'm sure automobiles had something to do with Japan's continued success too.
its kind of hilarious that Japan was the second largest economy in the world only behind the United States but ahead of the soviet union.
It is hilarious South Korean GDP is higher than Russia's
Capitalism baby!
Before it was all about China it was all Japan being the future, in the 70s and 80s it was believed in America Japan's economy would surpass the USA.
And so began… the rise… then fall… then rise again?
@@jackthorton10 Unless they can solve their demographic and caste problems, no.
@@Christobanistan Well, who knows, tragedy can sometimes breed a sense of need to act and improve, take this current state of affairs for instance
@@jackthorton10 IT seems affluence causes populations to stop breeding entirely as rich people tend to become very self centered. They start having kids much later in life, and only 1 or 2 instead of the necessary 3 or 4 t keep population levels even and pay for the earlier generation's retirement. Both Japan and China and other Asian economic plans were based on throwing on lots of bodies and very rapid growth. It just doesn't work, which is why Japan and China have reached their peak unexpectedly early.
In fact, the whole world is in for a very rude economic awakening as population levels are beginning to rapidly fall to to very low birth rates, exactly the opposite of what the hand wringers have told us for a century.
My guess is a universal basic income will have to be put in place to prevent mass riots, while AI will need to advance rapidly to increase economic growth rates.
@@Christobanistan I do want to say that the "rich people are self centered so they don't have kids" is pretty bullshit. The growth rate has been in a rapid decline in Japan because people don't feel ready to have kids due to a lot of shit job prospects and bad income. Higher education leading to people getting older before having kids also doesn't mean people are self-centered in a bad sense. It's just that having kids simply isn't as viable as it used to be for the issues mentioned above. If it wasn't for the one child policy, China probably wouldn't be having the same issue Japan, Korea, Italy, Germany and other countries are having (or going to have in the next few decades). When it comes to having kids, being self centered isn't necessarily a bad thing, is what I'm getting at, especially if you don't feel you won't be able to provide properly for them in the state you're currently in.
20:06 And that being said, my boss implemented 5S at the workplace. In the evening, I'm driving home with my Honda, taking shower using Hitachi, later playing Sonic game on Playstation. At night, I watch Doraemon episode on my Toshiba TV and continue with the news program telling me that my government are taking Samurai bond to settle the debt! During weekend, I go shopping with Casio watch on my wrist, just for looking dozens of teenagers wearing anime cosplay flooded the mall for no reason.
In 1968, 22 years after the war, the Japanese economy was the second largest in the world.
Soviet union was surely larger until at least the 1980s but obviously it was not well connected to most of the worlds economy and finance flows etc.
Japan enjoy there first trade surplus in 1965 although were surplue was small it was no until during mid 70s it explode.
@@ssssaa2 The Soviet Union was not a country.
The Japanese economy in 1968 was the third largest not the second largest.
What successive postwar U.S. policies had done in helping Japan were absolutely critical, but the fact that the people of Japan were very thrifty and hardworking was also a factor in their prosperous postwar years.
I reckon having large amounts of methamphetamine sold over the counter for 15 years post- bellum didn't hurt either!
Gotta wonder where Iraq would be hadn't fools like Moqtada Al Sadr, Al Qaeda, and Iran caused so many problems.
Anyone can be thrifty and hardworking, its not something that can be assigned to a culture. Policy and good governance are more responsible for good productivity across the world and across time.
"One of the pillars of Japan's economic power was dismantled, the Zaibatsu. No, not the crime syndicate from GTA2".
I beamed with pride when I heard that line because I knew I was one of the ten people who got reference considering that almost everyone who played the GTA series started on GTA3 or after.
This video left out an important note
America wanted Japan to remiliterize after the democratic nippon government had stablize to futher challenge the USSR. The Japanese rejected this idea prefering keeping the pacifist constitution.
I wonder what the Japanese of 1926 to 45 would've thought of a future where a NJ company, importing and reselling Japanese food and tea, would advertise on a video about their economy later thereafter
Thank you very much for another great delivery of this topic! Keep up the great work.
Hi David,
I just came over your channel and definitely enjoy content like this, awesome to meet you! I'm really impressed by the quality, just like I am by Kings and Generals. Thanks!
I only watched this video, the previous one on post-war Japan and the get to know us video. Please excuse me for being ignorant, but I would like to share my feedback anyways. I think the videos can be even more entertaining if the story develops/enfolds in a bit more fervent/vivacious way. This could be done by starting with raising questions, laying down the narrative or your opinion for example. I think Simon Whistler does this very well for example.
Fascinating! Many thanks!
The Cold War, when exactly are you gonna make a video on Thailand during the Cold War?
Great video, very informational.
Great video! Well done
Great video & sound presentation of factual basis--Japan deserves all their success!
amazing video!
Just spotted the Cold War Conversations podcast coaster on your desk! Subscribed
Can you cover the two Koreas' history after the Korean war, pls?
I think he already did
I drive a MAZDA, too! 2005 Mazda6 and it's lasted me 15 years. I love it.
Brits and Americans were so good at telling other societies how to run themselves after the war, but didn't apply their own rules to themselves and went into a state of decline. The American auto and electronics industries got decimated by Japan, and the British car industry was bought out by Germany and India (and China, but China wasn't rebuilt directly by the West).
5:26 DAMN good reference! GT2 what a classic!
Great episode! I love this so much more than Kings and Generals' main channel.
come on, give them some love too...they try so hard, after all!! ;-)
Excellent.
Thank you for filling a hole in my understanding of Japan's recovery after the war. I was not aware of the manufacturing angle during the Korean war. An excellent job, as always.
Longer than usual? My friend you need to do much longer vids, they are brilliant!❤
Well produced, keep up the good work, and I may buy one of those Japanese boxes also.
Thank you :)
Japan is VERY smart. Don't think for a minute they didn't know how to "make it work."
Maybe not as great now, but STILL a people to be admired, combining tradition and tenacity to become the cosmopolitan nation it is now.
It is not a cosmopolitan nation. Immigration is small and the country sticks to its tradition. All it did in the mid-1800s was to import western institutions and shape them according to Japanese culture and national needs. They copied the Prussia school system, the organization of the Navy from Britain, the army was organized in the same way as the German army. The criminal law was influenced by French law, while the commercial and civil laws were largely German. modeled
And universities on American. And so on.
@@nattygsbord I stand corrected.
Well said. I knew "cosmopolitan" wasn't the word I was looking for.
In any case they DID stay true to themselves, and STILL managed to "keep up with the times".
Really interesting!
Do you live in varanasi??
@@ShubhamMishrabro no sir, I'm currently living in Puerto Rico ☺️😎
@@PYRESATVARANASI but sir why do you have varanasi in your name I'm confused
I love the ending puns
incredibily good narrated!!!!
Very interesting episode.. I never realise how much the US did for Japan. Rarely can you expect a better result from loosing a war badly.
Sorry. But America did shit for Japan, just propaganda to get rid of the guilt for Nuking civilians
fas.org/sgp/crs/natsec/RL33331.pdf
"Total U.S. assistance to Iraq thus far is roughly equivalent to total assistance
(adjusted for inflation) provided to Germany - and almost double that provided to Japan - from 1946-1952."
Following the reductive logic, more aid = more economic prosperity.... Iraq would be expected to surpass Japanese GDP anytime soon and twice as, which is a far cry from reality
And No other postwar country has received more aid than the UK and where are the British industries now? They vanished
www.google.com/amp/s/www.newyorker.com/magazine/2001/12/10/the-marshall-plan-myth/amp
The largest recipient of Marshall Plan money was the United Kingdom (receiving about 26% of the total). The next highest contributions went to France (18%) and West Germany (11%). Even though aid for Japan was separate from the Marshall Plan, it was about the half of western German 11%. Economics can't just be treated with reductionism
To put in perspective. How beneficial was the American occupation for japan? Deindustrialization policy, disastrous economic management , rape, mass famine and war reparations. Let it be known first, unlike germany shared by occupying different nations... the U.S. solely held full control over japan, in short terms a colony akin to American Cuba and if you are already familiar with History, you would know colonalism is never a win-win relationship
To further remove Japan as a potential future military threat after World War II, the Far Eastern Commission decided that Japan must partly be de-industrialised and banned from importing coal and oil supplies for years. The U.S. was trying to make japan go agrarian (in order to avoid another revengeful germany indoctrinated in Revanchism). US government orders to MacArthur dismantle japan's remaining industries after the U.S. aerial bombing:
imgur.com/gallery/9vYKumK
changing policies in 1948 in response to communism. the U.S. aid was humanitarian in essence for food, medicine, equipment for agriculture, clothing at the same level you see NGOs doing every year in Africa, absolutely nothing to do with industrial plans for boosting Japan. The U.S. rather confiscated large amounts of japanese patents, scientific papers, copyrights and trademark, i could pretty much show you on Google Patents an exploding number of U.S. patent filings citing japanese as well as german and italian ones starting from 1945 at a speed never pronounced before. The overall total of patents seized by the Office of Alien Property is approximately 45,000. In addition to that there was some 5,000, or a little more than 5,000 pending patent applications. Those are applications that were pending before the Patent Office at the time they were seized and continued to prosecute those applications before the Patent Office.
In view of the cost to American taxpayers for the emergency aid, in April 1948 the Johnston Committee Report recommended that let the Japanese reconstruct themselves. The report included suggestions for reductions in war reparations, and a relaxation of the "economic deconcentration" policy, thus Americans could stop providing Aid for Japanese basic needs. For the fiscal year of 1949 funds were moved into an Economic Rehabilitation in Occupied Areas (EROA) programme.
As the Cold War worsened, the US attitude gradually changed to allow Japan to re-industrialize and to become an independent economy. In 1949, a series of severe belt-tightening policies was conducted by Joseph Dodge, a US banker who came to Japan as an economic adviser to the GHQ. Policies included enforcement of a
balanced budget, and reduction of both price subsidies and inflation, i.e. stabilization. As a result, the economy fell into a serious slump. In 1949, a fixed exchange rate of 360 yen per US dollar was introduced in order to spur Japan’s international trade. This exchange rate was broadly perceived as overvalued given the weak competitiveness of Japan’s business sector then. In 1949, a major reform in the tax system was also carried out following recommendations made by a team of experts headed by Carl Shoup. This reform focused mostly on direct taxes such as personal income tax. This tight policy package strengthened the business environment. However in the short run, it pushed the Japanese economy into a severe recession and worsened poverty.
During the Occupation, SCAP successfully, if not entirely, abolished many of the financial coalitions known as the Zaibatsu ,
increasing the unemployment rate. The reforms alarmed many in the U.S. Departments of Defense and State, who believed they conflicted with the prospect of Japan and its industrial capacity as a bulwark against the spread of communism in Asia. Some of MacArthur's reforms were rescinded in 1948 when his unilateral control of Japan was ended by the increased involvement of the State Department.
Japanese people had to literally fix the mess Americans made."The United States provided Japan with financial support through SCAP" That's not correct. The costs that GHQ spent for 7 years in Japan had been paid by Japan. And the amount of the costs were more than the amount of SCAP. So, it means that the US did NOT support Japan economically and it wasn't until the 1960s with the Income Doubling Plan that the seventh largest economy Japan really started taking over. Japan's food self-sufficiency rate had declined as the US measures had reduced agricultural land. On the other hand, hyperinflation occurred to maintain the rich life of the occupying forces. As a result, many people starved to death, mainly orphans from the air raids. The United States provided food assistance to Japan that was actually livestock feed in the United States. And the United States demanded a price several times higher than the regular price and made Japan pay it. The independence nations of Southeast Asia were billed by colonial Britain and the Netherlands for the infrastructure they left behind, but it was Japan that paid them. War reparations did happen at a cost way higher than the U.S. assistance.
@@kddiodox 😧 this is what i called propaganda
And they ask why we give billions on foreign aid
@@Max-to6jm Do you know a countries GDP and per capita income are real numbers you can look up right?
Maybe it was Compensation for the nuclear disasters
I know that I am an economics nerd, but when you suggested that I heavily subsidized the bell button I nearly fell over in laughter. Thanks for making my day better.
Amazing..
Unfortunately, not every Japanese agrees with the change. One of them is Yukio Mishima
Yukio Mishima, a popular actor, author, poet, and playwright was opposed what he saw as western-style materialism, along with Japan's postwar democracy, globalism, and communism, worrying that by embracing these ideas the Japanese people would lose their "national essence" (kokutai) and their distinctive cultural heritage (Shinto and Yamato-damashii) to become a "rootless" people.
He was supposed to be drafted into the Japanese imperial army, but the doctor who examined him while he was enlisting mistook his cold for TB. He was exempted as a result.
After Japan lost the war, the 1947 peace constitution stated that Japan will never again get involved in war nor start one to solve its problems, which angered Mishima.
In 1970, he and his followers seized the JSDF HQ in Shinjuku, Tokyo Japan, and held the general in charge hostage after he asked for a meeting with him. After a truce with the police, he requested the SDF personnel to hear his speech. He called on the soldiers to stage a coup and restore what the country was once before WW2. Including restoring power to the emperor.
Unfortunately, it backfired as no one was sympathetic to his cause. Yukio committed seppukku soon after
Based Mishima. His books are fascinating, I have read some.
Of course no one will. Japan is a war torn country rebuilding the country is top priority.
Great job .. the economic and financial analysis would have done credit to any institution on earth! I'm impressed 👍
click for Japan's miracle, but stayed for your bell button ending quote.
it just keep getting better and better🤣
that poor bell button has already seen some things...
Hi Mark🙏🙏
Super programme.
Going to war against the US wasn’t such a bad idea in hindsight (economically)
It's a delicate topic, but the fact Japan is now one of the most Pro-US nations on earth (80% of the population see the US positively) speaks alot.
For ordinary Japanese, their life improved so exponentially after the Fascists got kicked out, they never looked back.
Like, most peasants were destitute until 1945, but thanx to American Democracy, they were no longer dependent on the landlords, could educate kids, enjoy some luxuries which were unthinkable before, and stuff.
@@deadby15 too bad this wasn't accomplished with Iraq
@@arolemaprarath6615
Nope! It’s more complicated.
USA is representative democracy which is heavily influenced by the Roman Republican Era and Haudenosaunee (the Iroquois Confederacy) Era.
@@whathell6t Could you explain a little that last part I understand the first part but what about that last part of your comment?
@@jackthorton10
It’s this: ua-cam.com/video/S4gU2Tsv6hY/v-deo.html
It’s not a joke. It’s carefully nuanced explanation of the Haudenosaunee.
We should do in America what they did to the Zaibotsu (sp?), break up the holding companies and sell their shares (Alphabet, Facebook, etc). Situation here in USA is same as Zaibotsu stomping out middle class then in Japan.
America did... and just left it there. The Kireitsus that replaced the Zaibatsus is no different from the mergers of American companies like Exxon (Standard Oil New Jersey) and Mobil (Standard Oil New York)...
You don't understand principles of capitalism - all those measures work when you get help from world biggest economy at the time. Because Japan get loans, sales markets and other supports.
It's like - imagine you're a billionaire and you got a neighbour kid selling Lemonade - so if you buy his "goods' for, like 20 bucks for a glass - and all your family do the same, and all the friends of your family do the same (because you said them to support this kid). It's still so cheap for you as billionaire but a whooping cahsflow for the kid.
But that kid will never be as rich as billionaire if he would only rely on lemonade sales.
In other words - US will not benefit from same measures as there are no Bigger economy to help (China is close but it's not big enough and won't help US).
And yeah - those countries (Germany Japan Korea) had a breakdown of society (being defeated in a war) so they are willing to change. US didn't have those breakdowns so society not willing to change.
@@LazyPictures That has aready been done in US Stadard Oil was divided into several companies.
Surprisingly what a strong work ethic will do.
"Massive competitive advantage of all other bell buttons" - Gold.
7:58 The dream.
The Japanese nation is super hard working and dedicated to their cause/mission/goal like their lives depend on it.
The Joseph Dodge line, also known 'Dodgy dealings'. (couldn't resist)
Union labor protections. Lifetime employment. Strict currency controls. Balanced budgets. Reduction in military spending. The USA can solve its problems today by following its own guidance from decades ago.
Probably, but I don't think you understand how critical huge U.S. military budgets are to the entire world's economic order.
😂😂 “ No, not the crime syndicate from GTA 2” that completely sold me. Liked and subscribed 😊
I have had bokksu before. I would describe it as hit or miss. Some of it is really good, some really bad. Fish scale treats covered in lime is not my favorite.
When you said at the beginning that the zaibatsu were broken up, I was like, "that's true but this guy doesn't know what he's talking about, the keiretsu emerged soon after". I stand corrected as you mentioned this in the end. I do feel you may have overemphasized the role of the US in this, as it's not something I've seen mentioned in most academic works about this period. But I'm certainly no expert.
Thank you for the video, I got value out of it.
Bokksu is awesome. Can confirm
we can safely say that Anime exist because there was USA intervention in Japan's economy and culture.
And then we can safely say we have Hentai because we have Anime. God bless the US of A on that part.
@@APRCraig
Don’t forget Tokusatsu. USA had an impact on that genre and you can easily see in its popular franchises such Godzilla, Ultraman, Kamen Rider, and Super Sentai.
It all started with a bang. Two bangs in fact.
and yet American animation suck balls & are terribly animated, except for old school Disney cartoons but even they don't do any kind of animation recently
@@usersays8599 probably because animation is basically for children here and now they use CGI.
A very interesting episode. The sort of stuff they don't teach you in history class.
Hard work, dedication and conscientiousness counts for a lot.
When I think about the monumental fuck ups of American foreign policy in the 20th century and into present day, I think about Japan, Germany and South Korea (ROK) and wonder why we haven't been able to repeat those incredible victories. I have my ideas but I will keep that to myself, I just wish our foreign policy produced more Japans......
I think because to those who enjoy the profits- it is more profitable to fuck the countries up, thus guaranteeing several decades ot continued revenue. Instead of fixing the place and only gettig possibly s single decade of profits from it.
@@jaredfauver7074 You can't gain any profits from a dirt poor or war-torn country. Unless if you're some sort of looter or extortionist.
@@tylerbozinovski427 you don't get the profirs from them, you get the profits from all the people scared of the dirt poor people, or you exploit their natural resources for little to no cost to the host country due to corruption and or nepotism.
@@tylerbozinovski427 You gain more that simple "loot" - you gain a) labour resources b) sales market c) natural resources and the most important - politic Influence so you could keep benefits for a long time
@@jaredfauver7074 You have a point, but I'd argue that the profits won't last forever. I mean the Americans eventually withdrew from Iraq with very little gained (the country still doesn't view them very fondly, and trade is minimal). And by "being scared of dirt poor people", you mean things like fear of terrorism and support for foreign wars, then the whole Afghan debacle has proven otherwise. Last time I checked, they haven't exactly made a profit there.
Wow, this was really interesting! I would like to know more of thiss period. Does anyone know a good about Japan's recovery?
I've been subbed to this channel since it's inception but youtube never puts the newest videos in my recommended until 3 or 4 days after the release. This is frustrating, but at least I am used to what day they are usually released so I can find them myself but still, this is annoying
That Zaibatsu shout out, baby!
5:13 LOL
Japan rapid growth : 50s - 80s
South Korea rapid growth : 60s - 90s
Taiwan rapid growth : 60s - 90s
China rapid growth : 80s - present
One thing in common with those countries is that they all have US support in their economy.
Also china's growth I would say started in the 90's when clinton opened relationships with china.
@@carl4243 ughhh?? Chinese economic miracle starts in the late 1970s with Deng xioaping welcoming Japanese companies and investors
@Daniel Taylor depends if they change leadership, like what happen to USSR
I wonder if you guys will make a video about the 1965 Indo-Pak war and the Tashkent agreement
Why you didn't Osamu Shimomura? A key economic manager of Japan during those years
Is this show Available in podcast form
For the first time I actually want the thing in the add but I cant have it
How far is the zaibatsu idea from that of the chaebol?
Not much different. It is a Zaibatsu in a different name and more defined in their separation...
I think Chaebols are inherently family conglomerates, Zaibatsus on the other hand are not necessarily controlled by a particular family
🎵Post war economic miracle!🎵
When will Bokksu start offering Chu-Hi? Haha.
Interesting presentation - my thought is - Economic rebuild from a Victors point of view( US) to the defeated ( Japan and Germany) is buying influence in their Countries either imposed or self imposed to better the people, infrastructure and ultimately the economy. Germany heavily relied on US after the war and their military had to use US equipment, Japan was needed and viewed as a satellite anti communist state against communism since US bases were located there to watch over 3 red declared counties (USSR, China, NK). Did the Cold War have direct influence over their development - simple answer is YES, was it reciprocal? that is the question - did they get their money's worth? Cheers and I drive a Toyota
Yes, tit is very easy to say they got their moneys worth.
Actually - not quite. There are some counter-examples, that shows - trade preferences, ginormous cash flow, government liberalisation (like giving powers to private companies) and access to world sales market - this things solidifies and establishes capitalist economy.
Because - the same type of benefits were introduced in China in 80s - and they boomed. And they are supposed to be "red'.
On the contrary - Russia after USSR dissolution - it was denied from world trade and government liberalisation and so remained in Limbo-state.
The other vital thing is that in 50s US was like at least a half of Worlds economy. So US had a significant (i'd say major) influence on a trade regulations so they ould easily choose for whom to thrive and whom to die.
Well you can drive your Japanese car, and type with your japanese keyboard on Japanese created components and then call me on your Japanese phone and tell me if it was worth it.
God bless those industrious people for bettering humankind.
Surely yes.
You got a typo, 17:42 That's 住友(Sumitomo), not Sumitomi.
I’ve never been so uncomfortable by a food ad in my life
Bokksu's slogan:
"Bring Japan into your home before Japan brings you into its home"
I loved how GTA2 is referenced hehe
david : you at the end of the episode said that you are driving your mazda home to play play station ,, you forgot to say that while you are playing you also eat bokksu !
It's pleasant to hear about GTA2 now and then
Hi, Im writing a novel situated in post war Japan, can you please give me some advice and how to research how pre war industria elites survived the shutoff of Zaibatsu and got a quick rebirth in the keiretsu? I'm trying to orient the story to some kind of gatopardism in the post war japanese elites
Yayaya!
GTA 2 reference
Whoa this is a new video!
I thought it was 1 year old.
Great GTA 2 reference
hard working smart people.
Finally more videos about Japan , such an ignored country on history videos
20:08 what kind of Mazda cause they gave up on Mazdaspeed really sad about that actually
No mention of plaza accord .
the plaza accord was 1985 while this video stopped in the early 1970s
It was anime wasn't it
Well it helped shift what people impressions of Japan from the war years.
@@johnl.7754
Nope! That’s Tokusatsu, not anime.
Tokusatsu laid the groundwork for anime and the rest of Japanese entertainment to follow.
@@whathell6t
This! Tons of anime post-1966 was in one way or another, pretty much was inspired by Ultraman.
@@53gaDr34mc4st All it takes is a little spark
Now I'm gonna go home in my Mazda and play my playstation lol what a sentence to hell end the episode 😂😂😂😂😂
can you do yugoslavija next?
Mazda and playstation button : 20:06
I love classic Japanese cars, especially Mitsubishi and Toyota
I never knew the history but I always knew it was America's helping hand that helped Japan and even Germany to rise from the rubbles of ww2.
Yea too bad some counties like the PH got worse governance and corruption due to their policies and influence
@@weebbanana7895 In commonwealth era but after independence PH leadership doom itself.
@@onichan6897 true, but the existing policies were rooted from the American governance that led to political dynasties, privatization, etc. Still can't pinpoint blame them because it's the Filipinos who always voted for the wrong people.
Out of curiosity, why was E Deming not mentioned in this? His influence in helping Japanese production have actual quality and not be cheap was instrumental. Product quality surely plays a role in success of industry, don't you think?