Erle Frayne Argonza
Magandang hapon sa inyong lahat! Good afternoon to you all!
Just about a few weeks back, the world was shocked (as per media sensationalism) by the failures of new
The world watched as Toyoda-san, scion of the
My take of the matter, which some economists and investments analysts in the
My preliminary thought on the matter is that the Anglo-European oligarchy, led by the greedy financiers whose notoriety in looting the portfolio & derivatives markets led to the recent global financial meltdown, is calling it quits with their long-time partners from
To recall, after the World War II, humanity was confronted with a new polarization forged as the Cold War between capitalism and communism. New spheres of influence have to be crafted pronto by the world powers, with the West securing Japan’s zaibatsu loyalty through sticks (force, de-militarizing Japan) and carrots (permitting Japan to achieve industrial prosperity, but subordinated to the West).
The zaibatsus (Japan), chaebols (Korea), emerging oligarchs of Taiwan and the Far East, zamindars (India), and more, or those landlord-gentry elites who were enticed to invest in industries and emerging commercial enterprise, sooner or later found no better recourse than to ally themselves with Anglo-European oligarchs (bankers, financiers, industrialists, rentiers) in order to preserve family wealth and elevate these to new levels.
Fast-forward to the 1980s, when the zaibatsus reached their peak of prestige brought about by the gigantic strides of Japanese firms, globalization became the buzz-word as Japanese technocrats cajoled the West into creating a borderless world economy. Zaibatsus thus made headway in their merger schemes with Anglo-European businesses, and nary a conglomerate in the West refused the sweet offers of the likes of Sony and
The last of such waves of mergers and ‘Asian offensives’ in the west saw the Indian tycoons such as Mittal investing heavily in the western backyards, and merging with western businesses when opportunities do open up (e.g. Mittal steel). Asian emerging markets’ own companies followed through this wave, with the likes of San Miguel Corp of the
It seems that the ever-predatory financiers of the West will have nothing like a permanent alliance with the Asian taipans & nascent oligarchs. Just like in politics, there are no permanent friends or enemies among global corporate owners. What is nasty about the matter is that the western oligarchs are showing their fascistic, if not racist propensities too soon.
The Toyota-bashing will sooner or later find its equivalent in other industrial and commercial concerns. The goal of the western financiers is to eventually take over the eastern assets, such as what the Mittal steel exemplifies, where Lakshmi Mittal is but the nominal controlling shareholder of a steel giant that is actually now owned and controlled by the pals of George Soros & House of Rothschild.
Whether the zaibatsu-bashing will sooner or later lead to a crack in the Trilateral Commission—created by the same predators to consolidate the wealth and powers of the Northern oligarchs (West + Japan)—remains to be seen. The zaibatsus won’t take slights that easily, and surely enough they won’t take betrayals from their Western counterparts lightly.
The zaibatsus possess enormous quantities of precious wealth that the Western financiers (whose wealth is largely useless debt papers and bills) could only salivate upon: gold bullions. Such bullions were amassed by the Imperial Japanese state in
Whereas the western financiers cannot operate alone as they have to collaborate with each other (e.g. Venetian, Dutch, German, English financiers coming together in gigantic trusts), the zaibatsus can go it alone and wage business offensives using their enormous assets. The same zaibatsus can also finance wars so facilely, such as they’ve done for the
The zaibatsus can always choose to go their own way, foment new militarism in
How the latest brickbats between the western oligarchs and zaibatsu-Asians will figure in the forthcoming Philippine elections is something worth observing by strategic research analysts. Whether the
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