The Folly of “Normalcy” After a Disaster: A Critical Look at the Stock Market and Japanese Leadership
On March 13–14, 2011, the author argued that the Tokyo Stock Exchange should have closed after the earthquake and banned speculative trading, condemning the immaturity of 20th-century capitalism. He recalled Japan’s “miracle recovery” and lamented the missed chance to project humanity’s strongest voice of resilience to the world.
This blog post, written on March 13 and 14, 2011, offers a harsh critique of Japan’s response immediately following the Great East Japan Earthquake. The author condemns the Tokyo Stock Exchange for operating as usual during a massive disaster, calling it “dementia,” and laments the lost opportunity to demonstrate Japan’s dignity to the world. The post argues that true leaders should have immediately closed the market and declared a full-scale national recovery effort. It also contrasts the rise of construction-related stocks and the dignified voices heard on the internet with the perceived vulgarity of Japanese leadership.
Untitled.
2011/3/13 Even granting 100 steps, just 40 minutes later, that unprecedented footage was broadcast on NHK. The moment that happened, a true elite, a true brain, would have taken every conceivable measure, including the full mobilization of the Self-Defense Forces. A pure heart, a heart with its “mind’s eye” always open… a true commander could have done it.
The Tokyo Stock Exchange is filled with people no better than those who have been running the senile TV for over 20 years… The whole world sympathized, but just as I expected, it was impossible for the gluttons of 20th-century capitalism to think, “Because it’s a time like this…” The Tokyo Stock Exchange is now being sold off in a manner comparable to the Lehman Shock. This is what you call a true fool. It is a symbol of a system that has been unable to communicate anything to the world for over 20 years. For example, why can’t they declare the following to the world…
“To the elites of the Tokyo Stock Exchange… In light of the great disaster caused by this unprecedented planetary anomaly, the largest in human history, we will be closed for the time being… Japan will overcome this catastrophe faster than any other country and will mobilize its economic power all at once to restore its national strength, so please watch over us. We will reopen once the situation stabilizes…”
Why can’t they say that? The difference that one declaration would make is immense… These people gathered here, who practice capitalism… are truly great people. They are magnificent… I’ll give you as many medals as you want.
2011/3/14 Why should the Tokyo Stock Exchange have made a statement? … As everyone predicted regarding the stock market, construction-related stocks surged—Kajima and others hitting their daily upper limits. If it comes to this, you turn a disaster into a blessing and buy in all at once at the right moment… Japan will not be defeated; the decency of the Japanese people will overcome even the worst catastrophe in human history like this one. Let’s make the world re-recognize that the excellence of Japanese companies, based on this highest decency in human history, is at the world’s top level.
Truly, the gluttons of 20th-century capitalism are making the Nikkei futures fluctuate wildly even during lunchtime. I believe the hearts of the world’s people—even Russia and China—towards this unprecedented catastrophe and the behavior of 20th-century capitalism prove that democracy and capitalism are contradictory.
Even if I interpret it in a good light, as them trying to measure the damage this event will have on the economy, I still think the Tokyo Stock Exchange should have been closed for a few days… No one in the world would have complained if they had.
Over 20 years ago, the “turntable of civilization” turned for Japan… from the scorched earth that was the result of the worst war in history… after the destruction of cities all over Japan by incendiary bombs and the bombings of Hiroshima and Nagasaki in a short period… in the process of achieving the “miraculous recovery” that the whole world knows about.
In my “First Chapter,” I wrote that we created the first culture in human history that was classless, ideology-free, and religion-free, and as the only correct hegemonic state in human history, we stood tall against America, which appeared in the 20th century… and the “turntable of civilization” turned for us as a country that would support and lead the world.
At this time, when we should have made our voice—our Brand-New Voice—resound throughout the world… the fools in our country’s executive branch, represented by Tahebana and Yaheho, simply called this a bubble, deepened the fiction of “politics and money” that Tahebana started, and continued to crucify truly capable people, who are not so common, thereby losing the opportunity to make this voice—the best voice in human history—this New Big Voice, this Brand-New Voice, echo throughout the world.
The Tokyo Stock Exchange had a chance to do that this time… “Shouldn’t politics do it?” you ask… The executive branch that should have resigned on March 11th in the first place could never do such a thing. They are “vulgar” people who first and foremost see this catastrophe as a chance for themselves—a way to secure their own positions and effectively stage that… It is impossible for them to make a voice of “elegance,” the world’s best, resound throughout the world.
What did resonate was a blog post written by an anonymous person among my readers—someone who is now studying what needs to be studied at Harvard’s Kennedy School… It was published in the British newspaper, The Independent, wasn’t it? “Our ancestors… from our grandparents’ generation, have overcome every difficulty. So we will not be defeated…”
It was a bit disappointing that this blog, published under the title “A Resilient Nation,” wasn’t mine (lol).