1/Alright, gather round, friends, and let me tell you the story of 1930s Japan, and how it's a cautionary tale for 2020s

2/Everyone knows that Japan became militarist, fascist, and (even more) expansionist in the 30s.

But what few people know is that this followed 6 years of coup attempts by EVEN MORE militarist/fascist/expansionist lunatics.

So let's review that history.
3/The first coup attempt was the March Incident in 1931.

Basically, some right-wing army officers planned to stage a riot to provoke martial law, and install a military dictator.

It failed when they couldn't get enough people to riot.
4/The coup plotters weren't really punished, so they just tried again a few months later. Some of their co-conspirators ratted them out and they failed again.

But AGAIN THEY WEREN'T PUNISHED! People defended them, saying they were simply too patriotic. 🤡
5/These coup plotters wanted the following:

1. A military dictator
2. Aggressive military action against Japan's rivals (i.e. every other country)
3. Increased colonial expansionism
4. Some mumbo-jumbo about cultural purity and economic egalitarianism
6/Anyway, a year later, some different coup plotters tried again. This time their plan involved lots of assassinations. They successfully assassinated the Prime Minister, but failed to kill the visiting Charlie Chaplin (which they hoped would provoke a war with the U.S.
7/But despite killing Japan's elected leader, the coup plotters received only light punishment!!

There was an outpouring of popular support on their behalf. They thus received only a short stint in jail...which of course encouraged further coup attempts.
8/Anyway then there was another coup attempt a couple years later that never got off the ground, but of course no one was punished.
9/But finally, in 1936, the big one came.

A large number of junior army officers, with troops to back them, and sympathies from some generals, launched a huge insurrection aimed at assassinating senior politicians and seizing control of government buildings.
10/Some generals sympathized with the insurrectionists, but the Emperor and a critical mass of loyalists opposed them. Eventually they were arrested.

This time -- FINALLY -- the government meted out harsh punishments, executing 17 of the plotters and imprisoning others.
11/But now here's the thing. The Japanese government went on to do pretty much exactly what the coup plotters wanted!

They put the military in charge of the country! They tried to colonize all of Asia! And they started a war with the U.S.!

Oops.
12/So what can we learn from Japan's failures in the 1930s?

Fortunately, the coup attempt of 1/6/2020 didn't come from within the military. Nor does Trump support or fascism in general come from the military. So that's one positive difference.
13/Another positive difference is that the U.S. does not currently have a tradition of "government by assassination", as Japan did then. In the 60s we did, but assassinations are thankfully rare now.
14/BUT, there are some disturbing similarities between 1930s Japan's crazies and the right-wingers who stormed the Capitol on 1/6.
15/The first big lesson from the failures of 1930s Japan is:

PUNISH THE PLOTTERS HARSHLY THE FIRST TIME.

Don't wait for the coup attempts to escalate! Don't call the coup plotters "patriots"! Don't let them off with a slap on the wrist!
16/The second big lesson is:

DON'T GIVE IN TO THE COUP PLOTTERS' IDEOLOGY.

Japan basically became what the rightists wanted. We musn't do that.
17/Remember, a slap on the wrist will just encourage the same assholes to be bolder the next time.

The first of Japan's many coups was even less impressive than what we saw on 1/6!

Because it wasn't punished, it encouraged more and more.
18/We're a more stable country than 1930s Japan, with better institutions.

But if we give coup plotters a slap on the wrist, and call them "patriots", we too will go down the path of chaos and fascism.

(end)

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More from We need 3 million vaccinations a day 🐇

Today's @bopinion post is about how poor countries started catching up to rich ones.

It looks like decolonization just took a few decades to start

Basic econ theory says poor countries should grow faster than rich ones.

But for much of the Industrial Revolution, the opposite happened.
https://t.co/JjjVtWzz5c

Why? Probably because the first countries to discover industrial technologies used them to conquer the others!

But then colonial empires went away. And yet still, for the next 30 years or so, poor countries fell further behind rich ones.
https://t.co/hilDvv0IQV

Why??

Possible reasons:
1. Bad institutions (dictators, communism, autarkic trade regimes)
2. Civil wars
3. Lack of education

But then, starting in the 80s (for China) and the 90s (for India and Indonesia), some of the biggest poor countries got their acts together and started to catch up!


Global inequality began to fall.
Time for panel #3: Big Tech and regulation!

I will be live-tweeting again, and you can also watch video at either the Twitter or Facebook links below!


Kaissar: Every industry gets regulated when it gets big. The question is what kind of regulation Big Tech will get,and whether the companies will be proactive in shaping it.

Kaissar: More profitable companies have higher returns. Why? Maybe it's a risk factor, because more profit = higher risk of getting regulated.

Bershidskyis showing a diagram of GDPR complaince pop-ups. What a massive ill-conceived bureaucratic mess.

Ritholtz: It's 2018 and we're still talking about Facebook privacy settings?! If you're still giving your personal data to Facebook, you just don't care about privacy!

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