4 ms·
They are works of art. But each one costs up to $900. Well, yeah, it's a completely domestically designed and produced item. https://m.youtube.com/watch?v=9OY
by snozolli 4y ago
They are works of art. But each one costs up to $900.
Well, yeah, it's a completely domestically designed and produced item.
https://m.youtube.com/watch?v=9OYPWgzDBxE https://m.youtube.com/watch?v=9OYPWgzDBxE
The manhole covers in my Oregon city are boring and say "made in India". I'd bet their per-unit cost is still in the several hundreds of dollars.
Japan's "lost decade" is a myth:
https://www.forbes.com/sites/eamonnfingleton/2013/08/11/now-for-the-truth-the-story-of-japans-lost-decades-is-the-worlds-most-absurd-media-myth/ https://www.forbes.com/sites/eamonnfingleton/2013/08/11/now-...
The examples given in this article are a bit silly. In Japan, the land has value, not the home. The examples in the article compare prices during an insane bubble to present-day prices. You could do that with any free-market county to make things look bad, except I don't know if any county has ever experienced a real estate bubble on par with Japan in the late 70s - 80s.
- type-r 4y agoThe only part that's a myth is that it's only a single decade. Japan's GDP has been flat for over 30 years now. USA's has tripled during the same time period.
- snozolli 4y agoDo some research. Japan's population in 1980 was 116.8 million. 126.3 million in 2020. That's an 8% increase. The USA experienced nearly a 50% increase over that same period. Meanwhile, Japan's GDP went from 1.105 trillion to 5.04 trillion, all while reporting greater well-being among the population. It's a myth.
- georgeecollins 4y agoSome research. https://www.statista.com/statistics/263596/gross-domestic-product-gdp-per-capita-in-japan/ https://www.statista.com/statistics/263596/gross-domestic-pr...