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   Chapter 15 51

Down with the Cities! By Tadashi Nakashima Characters: 2326

Updated: 2017-11-28 00:07

Government bonds are ordinarily distributed among, and forced off on the city banks, and after a time the Bank of Japan pays the interest and purchases them. Then the government buys them back from the Bank of Japan with the paper money it has overproduced. Problems such as whose account book the bonds are listed in, when they will be redeemed, etc., are of only superficial concern because the principle objective is to spread overproduced money around the country. It is just like a magician transforming leaves into wads of money, for there is hardly any sleight of hand which is as easy, advantageous, or interesting. And since every government in the world is competing in this maneuver, no one can avoid inflationary government debts. Inflation during times of recession is a strange phenomenon that owes its existence to this magician's trick. That is why every year sees a rise in prices and countering pay raises, as well as greater amounts of money in circulation. On the other hand, if there were no inflation (i.e., if they did not print more money and flood the country with it), there would probably be another economic panic as there was in the 1

930s when the big capitalists had all the money and everyone else had none.


One could say that the spirit of urban competition and glory has brought about excessive production, but this spirit has been nurtured by the money economy itself. It is no mistake to say that, if there were no money, there would also not be such insane competition and glory-seeking.


Term describing a common type of mother in Japan. Since people are usually judged not by ability, but by their academic credentials, the education mothers send their children to private evening schools and make them study hard so the children will be able to pass the difficult examinations for the most prestigious high schools and universities. (Translator's note)


When this time comes, there will be no way to get by on imported food. The city will forget that it has repeatedly invaded and plundered other countries, driving them to desperation, and will, in order to continue its own gluttony, attempt to maintain its food imports by force, ignoring the starvation of other peoples. But where on this depleted planet is the city going to find the land to nourish itself?

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