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The First Japanese Classical Liberal: Itagaki Taisuke
While Japan faces its fair share of economic issues like any other country, today, Japan is the third-largest economy on the planet by nominal GDP.
Japanese electronic products are famous the world over, and Japanese people are constantly pushing the boundaries of technology. However, this was not always the case.
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Until the latter half of the 19th-century, Japan was an isolated archipelago that was far behind European nations in terms of technology and economic growth. In 1853, when Commodore Matthew Perry used gunship diplomacy to force open Japan’s borders, the reigning Tokugawa regime lost all legitimacy and was quickly replaced by Emperor Meiji, ushering in a period of unparalleled modernization.
The normal story we hear is that the Meiji period is marked by enlightened despotism. The benevolent Meiji modernized the country by importing western technology and human capital. But this is only half of the story. Japan di