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"How to dramatically raise productivity. By Professor Richard Werner, from an interview with the UK’s Peter McCormack (below). Werner is a financial sector expert and experienced global macro fund manager, and a Professor of Banking, Finance and Economics at a number of universities in Europe."

"Basically the post-war Japanese success was due to a fairly straightforward implementation of what is possible. The Japanese had researched quite well what can we achieve, what can be done? And they thought, oh, we can have high growth, 15% growth for decades. It’s actually possible. Let’s do it. That was announced, for example, by a new prime minister at the time, Ikeda, in 1960, who announced, well, we’re going to double national income in the next 10 years."

"A storm of opposition — that’s nonsense, impossible, cannot be done. All the economists outraged: what, how dare you, this cannot be done, impossible. Well, they did it in four and a half years, way ahead of schedule. Of course it can be done. And so they kept doing it. And then it turned out that basically Japan was considered too successful by very powerful players …"

"Well, it delivered 15% growth for decades. It made — you double national income every four and a half years at 15% growth, and it can be done. They’ve proven it can be done."

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