3 ms·

the economic system of Japan is very different than in the US/Europe, I find the east asian capitalism style preferable to what we have here.

dmix 11y ago
You prefer supporting zombie companies and forcing your young creative class away from being able to create disruptive startups in favour of being a corporate cog [1] in the machine? That is the life in Japan. It's not just a fear of failure preventing a thriving entrepreneurial class from existing there. It's their economic policy. [1] https://www.youtube.com/watch?v=otWl3Zu1Mr4 https://www.youtube.com/watch?v=otWl3Zu1Mr4
- grillvogel 11y ago
  I like the way that Japan is. I don't care about disruptive startups, and if you think japan needs or wants "disruption" you clearly don't get it at all. I like green tea that is made by a 300 year old company. Have you actually been there or just watched stupid videos on the internet?
  - dmix 11y ago
    Fair enough, if they can stay in business. The question is sustainability. Old institutions often reach points where failure, or nearing failure, is the only way forward. So it can be rebuilt into something better. I see issues with the hyper speed that SV businesses have taken this to the extreme but it's the middle ground that is healthy. The other extreme creates the situation where always having a safety-net no matter what negative downward problems or risks a company is taking creates dangerous moral hazards [1] which compound on each other over time to create unavoidable economic crises, as Wall st generated in 2008. If you think the Japanese are immune to these moral hazards then you are denying some core principles in human behavioural science. Japan's core industry seems to be suffering a chronic illness which it's continually trying to medicate instead of moving on and confronting the future. Kicking the can down the road, as others have mentioned. Zombie companies are just the obvious symptom as this dysfunction bubbles to the surface. Reality will come to bare eventually, it has to, economies cannot remain disconnected from their own tangible output forever. The apparent stubbornness of Japanese culture to maintain the status quo will likely mean it will be the children of the current generation that will be the ones left to pick up the pieces, so you can keep drinking your tea no doubt. [1] https://en.wikipedia.org/wiki/Moral_hazard https://en.wikipedia.org/wiki/Moral_hazard
    - grillvogel 11y ago
      maybe Japan will hire you to come fix everything since you seem to be an expert on their situation
      - dmix 11y ago
        I'd rather go to China, I much prefer the loose-leaf tea that the Fujian province outputs than any green tea I've tried out of Japan. Plus they're not held back by stubborn short-sightedness masked as cultural prestige.

dmix 11y ago

You prefer supporting zombie companies and forcing your young creative class away from being able to create disruptive startups in favour of being a corporate cog [1] in the machine? That is the life in Japan. It's not just a fear of failure preventing a thriving entrepreneurial class from existing there. It's their economic policy. [1] https://www.youtube.com/watch?v=otWl3Zu1Mr4 https://www.youtube.com/watch?v=otWl3Zu1Mr4

grillvogel 11y ago
I like the way that Japan is. I don't care about disruptive startups, and if you think japan needs or wants "disruption" you clearly don't get it at all. I like green tea that is made by a 300 year old company. Have you actually been there or just watched stupid videos on the internet?
- dmix 11y ago
  Fair enough, if they can stay in business. The question is sustainability. Old institutions often reach points where failure, or nearing failure, is the only way forward. So it can be rebuilt into something better. I see issues with the hyper speed that SV businesses have taken this to the extreme but it's the middle ground that is healthy. The other extreme creates the situation where always having a safety-net no matter what negative downward problems or risks a company is taking creates dangerous moral hazards [1] which compound on each other over time to create unavoidable economic crises, as Wall st generated in 2008. If you think the Japanese are immune to these moral hazards then you are denying some core principles in human behavioural science. Japan's core industry seems to be suffering a chronic illness which it's continually trying to medicate instead of moving on and confronting the future. Kicking the can down the road, as others have mentioned. Zombie companies are just the obvious symptom as this dysfunction bubbles to the surface. Reality will come to bare eventually, it has to, economies cannot remain disconnected from their own tangible output forever. The apparent stubbornness of Japanese culture to maintain the status quo will likely mean it will be the children of the current generation that will be the ones left to pick up the pieces, so you can keep drinking your tea no doubt. [1] https://en.wikipedia.org/wiki/Moral_hazard https://en.wikipedia.org/wiki/Moral_hazard
  - grillvogel 11y ago
    maybe Japan will hire you to come fix everything since you seem to be an expert on their situation
    - dmix 11y ago
      I'd rather go to China, I much prefer the loose-leaf tea that the Fujian province outputs than any green tea I've tried out of Japan. Plus they're not held back by stubborn short-sightedness masked as cultural prestige.