Rather than collapsing in despair,
Japan should fulfill its historical turn.
A capitalism that protects truly excellent companies
can become an alternative global model.

2016-04-07
The following continues from the previous chapter.
Rather than meeting decline in a miserable and foolish state,
it is far better to fulfill the historical order of prosperity, which history teaches us lasts about two hundred years,
and only then play not Santana’s Europa, but a future Melancholy of Japan.
To despair or lament now is one hundred and seventy years too early.
There is no need to concern ourselves with other countries at all.
Recent global financial turmoil has already proven that capitalism is never one hundred percent correct.
It is also obvious that the value of our lives and of major corporations should not fluctuate wildly on a daily basis.
It is equally obvious that democracy stands at the opposite pole of capitalism.
As another world-leading nation, different from the United States,
the shares of truly excellent companies should not fall, but continue to rise.
They should fall only when performance deteriorates and dividends are eliminated.
In such cases, management should be dismissed immediately.
Even if such declines are caused by unavoidable external shocks, such as financial crises originating in Europe or the United States,
we should fully exercise one of the defining traits of the Japanese people,
and endure together without rushing to sell our shares.
If Japan were to create such a form of capitalism, no one in the world would have grounds to complain.