Detailed plan for world future
planning agency presented to Committee of 300
July 29, 2019
Notice
to readers: This report and the next two reports will be
pre-written, as I take my annual sabbatical. We will only report breaking
news if some game-changing event takes place. The next report with weekly
breaking news will appear on August 19th. Your
understanding is appreciated.
The system of global economic
governance has become dysfunctional at the highest level. The
institutions created by the victorious powers after World War II—the IMF, the
World Bank, the United Nations, etc.—have led to an extinction-level ecological
disaster and extreme concentration of wealth in the hands of a parasitical
elite.
China, with is
multi-trillion-dollar Belt and Road Initiative (BRI), is rapidly sinking the
gridlocked Western powers into irrelevance. For this reason, the White
Dragon Society has been proposing the creation of a Western-led Future Planning
Agency (FPA) as a complement to the Chinese BRI. This plan has high-level
support from the Pentagon, the Vatican, and the British Commonwealth.
The FPA would be modeled after the
Japanese Economic Planning Agency (EPA) that was behind Japanese decades of
spectacular (often double-digit) post-war economic growth. The system
culminated in the mid-1980’s with Japan having the highest per-capita income in
the world and the lowest gap between the rich and the poor in the OECD (Organisation
for Economic Co-operation and Development). Therefore it would be a good
idea to examine how the Japanese EPA worked before fleshing out plans for the
FPA.
The heart of the Japanese system
was an informal group of about 20 or so bureaucrats, industrialists, and
politicians. The politicians would convey what the people wanted, the
bureaucrats would say what was realistic, and the industrialists would advise as
to what was profitable. Together they would come up with a plan of what
they wanted to accomplish for the country over the next five years.
The plan would start with the Bank
of Japan doing a systematic survey of the country. They would send
officers to stores around the country to check the prices of goods. They
would also survey businesses large and small as to what their business plans
were, and in particular how much equipment they intended to buy. Based on
this data, the BOJ would calculate exactly how much money would be needed to
meet the investment plans without creating inflation.
The money was then allocated to the
private banking sector. The private banking sector was divided into
nationwide “city banks,” regional banks, and specialized banks. Each
corporation had its “main bank” and these banks supplied the corporations with
funds in accordance with the overall plan.
Once it was decided how much money
was to be injected into the economy, then the other bureaucracies, especially
the once-famous and feared Ministry of International Trade and Industry (MITI),
would make their plans. MITI was staffed by some of the most intelligent
people in Japan who passed the nearly-impossible-to-pass top-level civil
service exams.
MITI was not like a communist
central planning authority, but rather created a general roadmap for private
industry to follow. For example, if the five-year plan called for
doubling the number of highways in Japan, MITI would make sure the car
companies were given whatever help they needed to build enough cars to fill the
new roads.
The main point of this whole system
was that the country as a whole had a sense of direction and an overall plan
for the future. This made it easier for companies and individuals to plan
their own futures.
Despite its incredible success, the
Japanese system had a major flaw. This was caused by a system of
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