Richard Werner

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Person.png Richard Werner WebsiteRdf-entity.pngRdf-icon.png
(academic, economist)
Richard werner.jpg
Born1967
Germany
Alma materLondon School of Economics, University of Oxford, University of Tokyo
ExposedWEF/Global Leaders for Tomorrow
Member ofWEF/Global Leaders for Tomorrow/2003
German economist who exposed the WEF's Global Leaders for Tomorrow project.

Professor Richard A. Werner is a German economist who exposed the WEF's Global Leaders for Tomorrow project.

Activities

The film “Princes of the Yen: Central Banks and the Transformation of the Economy”, based on Werner's book, reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this. Werner was a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%.

"In 1995, he advanced the concept of ‘quantitative easing’ in Japan (defined as an expansion in credit creation, published in the leading daily newspaper, the Nikkei, on 2 September 1995)."[1]

Richard Werner was selected to the WEF/Global Leaders for Tomorrow/2003 group. He reports that the program was closed down and rebooted as a more controllable group because there started to be too many people asking difficult questions in the forum.[2]

Werner was Professor of International Banking at the University of Southampton for a decade.[3]


Publications

Princes of the Yen

In 2003, Werner wrote Princes of the Yen: Japan's Central Bankers and the Transformation of the Economy, later made into a documentary. The book explains Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to Werner, the stagnation in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy that with its own turf battles and its ideological agenda to change Japan's economic structure. [4]

From a war-time economy that was heavily controlled and directed which was essentially continued through peacetime and which led to the massive push to increase market share throughout the world which nearly resulted in the domination of the Japanese economy over all others, through the willful determination of two bank governors, Yasushi Mieno and Toshihiko Fukui, who were educated (indoctrinated) in the United States, the Japanese economy was deliberately destroyed in order to carry through structural reforms (the neoliberal agenda----privatization, deregulation, liberalization). Three decades later, the Japanese economy has still not recovered from these reforms.


 

Event Participated in

EventStartEndLocation(s)Description
WEF/Annual Meeting/200421 January 200425 January 2004WEF
Switzerland
2069 billionaires, CEOs and their politicians and "civil society" leaders met under the slogan Partnering for Prosperity and Security. "We have the people who matter," said World Economic Forum Co-Chief Executive Officer José María Figueres.


References