Japanese austerity produced depression, assassination, and militarism.
Evidence
Austerity not only didn’t work in Japan. It created the worst depression in Japanese history, provoked an assassination campaign against bankers, and empowered “the wonderful folks that brought you Pearl Harbor.” — Mark Blyth, Austerity, 544
Categorization
- CANDY: “The wonderful folks that brought you Pearl Harbor” is a darkly funny one-liner connecting interwar orthodoxy to world-historic catastrophe.
- XREF: connects to: Austerity-driven military cuts triggered an assassination and coup attempt — Mark Blyth, Austerity: The History of a Dangerous…, 541; Japanese elites sold deflation as unavoidable sacrifice through mass propaganda — Mark Blyth, Austerity: The History of a Dangerous…, 538; Japanese austerity fell hardest on the military budget — Mark Blyth, Austerity: The History of a Dangerous…, 540 (+5 more)
Broader Connections
- Interwar austerity deepened depressions and helped cause the Second World War
#corroborates(0.85) — Mark Blyth, Austerity, 555 - Unequal austerity generates populism, nationalism, and violent movement instead of revenue
#corroborates(0.80) — Mark Blyth, Austerity, 63 - Interwar austerity policies helped precipitate the 1929 crash.
#corroborates(0.75) — Clara E. Mattei, The Capital Order, 1619 - Extreme political violence like assassination usually has a pathological psychological basis
#complicates(0.70) — John T. Jost and Jim Sidanius, Political Psychology, 1153