This essay presents Takaki Mitsuhashi’s argument that the goal of globalism is not the prosperity of the people but the maximization of short-term profit, examining unemployment, wages, immigration, and their impact on the Japanese economy.
Criticizing the distortions of economics that assume full employment, it clearly argues that the essence of Japan’s immigration issue lies in the suppression of wage growth.

2019-07-12
The objective of globalism is the “maximization of short-term profit,” and as for the prosperity of the people, it could not care less.
For globalists, neither the state nor the national economy is something that constrains their actions.
The following is a chapter I published on 20185/1.
The following month’s installment of Takaki Mitsuhashi’s serialized column “Economics of Counterattack,” published in the April 26 issue of the monthly magazine WiLL, is titled “The Forces That Want to Buy ‘Human Beings’ Cheap.”
It is a truly strange story, but in the world of “economics,” full employment is always assumed to exist.
In other words, the unemployed do not exist, or more precisely, “involuntarily unemployed” people are deemed not to exist.
The reason is that economics is, to begin with, a field of study in the fantasy world of “Say’s Law,” in which aggregate demand “always” exceeds productive capacity.
If Say’s Law is taken to hold true, though in fact it is not a law at all but merely a “hypothesis,” then whenever people seek to work, there will “always” be jobs.
Even so, those who have fallen into unemployment are regarded as nothing more than “voluntarily unemployed” people who refuse to work for selfish reasons such as “wages are too low.”
In other words, the employment environment is always one of “full employment.”
Accordingly, employment measures through fiscal policy are meaningless.
If employment measures are to be taken, then strengthening labor mobility so as to make it easier to dismiss workers is considered the correct approach.
These, then, are the “ideas” of economics regarding employment, but why has it come to such a distorted way of thinking?
In reality, during periods such as the deflation Japan experienced, there can indeed be situations in which workers seek employment but there are simply no jobs to be had.
Deflation is not a matter of wages, but of a shortage in “demand = jobs” itself.
Japan’s active job openings-to-applicants ratio after the Lehman Shock fell below 0.5.
In other words, for each job seeker there were not even 0.5 job openings.
It was not a question of whether wages were high or low.
The unemployment rate rose simply because there were not enough jobs themselves.
Those who could not obtain work at that time were unquestionably involuntarily unemployed.
In the real world, such a thing as “constant full employment” cannot exist.
Even so, economics refuses to acknowledge the existence of involuntarily unemployed people and opposes employment measures through fiscal policy because the “masterminds” behind it, the globalists, desire a high unemployment rate.
Why does globalism prefer a “high unemployment rate”?
Of course, because that makes it easier to buy “human beings” cheaply.
If “wages = income levels” decline, the economic strength of that country will inevitably decline in the medium to long term, but they do not care about that at all.
The objective of globalism is the “maximization of short-term profit,” and as for the prosperity of the people, it could not care less.
For globalists, neither the state nor the national economy is something that constrains their actions.
Then what happens in periods when the unemployment rate declines?
Naturally, if unemployment is low, wage levels will rise.
For globalism, that is an intolerable situation.
That is precisely why they push for the “acceptance of immigrants.”
If large numbers of immigrants willing to work for low wages are brought in, it again becomes possible to buy “human beings” cheaply.
When unemployment is high, they prevent unemployment measures by insisting that “we are now in full employment,” and buy people cheaply.
When unemployment is low, they say “there is a labor shortage, so we have no choice but to accept immigrants,” and once again seek to buy people cheaply.
The essence of Japan’s immigration issue is the “prevention of wage increases.”
Japan today, under the decline in the ratio of working-age population brought on by a falling birthrate and aging society, is seeing labor shortages worsen and unemployment fall.
A “society in which people are valued” is approaching, but if large numbers of immigrants willing to work even for low wages flow in, the wage levels of Japanese people too cannot but decline.
The Japanese people need, at long last, to understand the reality that the forces wanting immigration are simply those who want to buy “human beings” cheaply.
The problem is that these selfish forces, which want to buy down “human beings” and maximize their own profits, possess “political power” or “the power to disseminate information.”
Takaki Mitsuhashi, born in 1969.
Graduated from the Faculty of Economics at Tokyo Metropolitan University (now Tokyo Metropolitan University).
Established the Mitsuhashi Takaki Management Consultant Office in 2008.
Currently President and Representative Director of the Keiseiron Institute.
His latest book is The Ministry of Finance Will Destroy Japan (Shogakukan).