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Interesting they chose to use this example of Japanese companies not having debt, when the country of Japan has the highest debt to GDP of any developed nation[
by rKarpinski 2y ago
Interesting they chose to use this example of Japanese companies not having debt, when the country of Japan has the highest debt to GDP of any developed nation[1] which has contributed to its economic stagnation since the 1990s
[1] https://en.wikipedia.org/wiki/National_debt_of_Japan https://en.wikipedia.org/wiki/National_debt_of_Japan
- gr8r 2y agoInteresting. Just another reason I'm convinced some of these recent non-fiction is just commentary (almost) making-up/inflating a problem and then providing a "magic" solution. The content isn't nearly as timeless nor broadly true.
- rKarpinski 2y agoyeah, it's content marketing which is all the rage these days. The purpose of pieces like this is to advertise (the VC fund) not to provide deep insight
- smilebot 2y agoIt is interesting because the top 5 oldest companies are Japanese https://en.wikipedia.org/wiki/List_of_oldest_companies https://en.wikipedia.org/wiki/List_of_oldest_companies. Their points are still valid even though the country has a different story.