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> I mean, you technically can, but it doesn't end well as was proven every single time this was tried. Arguably, Japan has been doing this for two or three gen
by criddell 2y ago
> I mean, you technically can, but it doesn't end well as was proven every single time this was tried.
Arguably, Japan has been doing this for two or three generations now. Despite a crazy debt, quality of life in Japan is still pretty great.
- CapricornNoble 2y agoThere's a saying in economics: "There are four types of economies: developed, developing, Argentina, and Japan." One must be very careful drawing conclusions for other societies based on Japan as a sole example. I somewhat agree that Japan illustrates that massive infrastructure investment, combined with diligence in maintaining functioning societal systems, does in fact yield a high quality of life that appears sustainable even if the metrics of economic growth look terrible. That's because GDP as a measure of "quality of life" is a shitty indicator IMO, but that's a whole 'nother rabbit hole to go down...
- Workaccount2 2y agoJapan is a monoculture that acts almost like one big family. Economic rules and values kinda go out the window similar to the way they do when you are selling your brother your old car or repairing your grandmother's sink.
- handzhiev 2y agoEveryone who has been to Japan in the last 20 years or so could argue about the quality of life. Japan is not quite "shiny" and people are not rich.