This isn't about how banks seized power over society. This is about how the Japanese Central Bank was responsible for "The Lost Decade".

Fundamentally, the problem here is that this video is actually arguing for the very policies that wounded Japan in the first place: government control of the bank to engage in "quantitative easing". As a result, this film is arguing for Keynesian Economics... which is what was built into Japan after the war.

When the Bank of Japan argued that structural changes in the economy needed to take place in the economy, that's why they engage in QE, that is true. The problem is that they are the structure that needs to be reformed and removed.

Instead the Bank of Japan switched over to Shareholder Economics, which is Keynsianism focusing on Hedgefunds and Insurers more than banks.

The biggest joke here is that this documentary keeps claiming that all of this is "Capitalism" From "Welfare Capitalism" to "Shareholder Capitalism"... which is all still nothing outside of Keynsian Economics, or simply: Fabian Socialism. At no point is "Welfare Capitalism" or "Shareholder Capitalism" in any way related to a free market. In fact, the whole point is for the government to help manage and control the economy to reach the end result of a Socialist State.

There was no need for the Asian Tiger Economies to take loans from abroad, all the money needed for domestic investment could be created at home

This right here is some fucking wild MMT bullshit. If you don't have the capital, you have to borrower it. If you don't "creating money at home" means inflating the currency and robbing the people of their wealth through inflation.

Deflation was not the problem here that the BOJ needed to solve with printing money. Deflation was the correct market response to malinvestment, and the BOJ didn't want to lose power. The central banks themselves are explicit Socialist institutions that shouldn't be managing the economy.

The person you see in this video being the western "expert" on news shows is the author of the book this documentary is based on.

Here's an early life section for you:

Werner was senior managing director and senior portfolio manager at Bear Stearns Asset Management.

He was personally involved in the collapse of Bear Stearns due to their criminal misconduct in handling housing assets. And this is the man that is telling you the government should print money. This is the guy who is telling you "oh the evil banks have too much power, you should re-nationalize the banks and then print money".

Do you get how hard you are being trolled right now?