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Some would say that arguments based on demographics are missing the point. Japan has been cannibalizing itself in order to protect its zaibatsus, squeezing eve
by chfjdjcjdjd 10y ago
Some would say that arguments based on demographics are missing the point. Japan has been cannibalizing itself in order to protect its zaibatsus, squeezing every last ounce of productivity from its workers to the point at which they longer reproduce, and enacting corporate welfare policies in the form of QE and ZIRP/ NIRP. The EU and US have been following suit with quantitative easing and stagnant wages, and now we're beginning to experience the same economic decay that Japan has before us.
This whole situation is completely avoidable if someone would just have the courage to stop coddling elites and big business.
- eru 10y agoOutside of export oriented manufacturing, Japan doesn't have high productivity.