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I'm old enough to remember that as well, and now we see where that economic and tech explosion goes when the underlying social and economic structures are infle
by EA-3167 2y ago
I'm old enough to remember that as well, and now we see where that economic and tech explosion goes when the underlying social and economic structures are inflexible and lacking.
I'm too old to get excited or upset every time people decide that a trend line must continue to infinity.
- taylodl 2y ago> I'm too old to get excited or upset every time people decide that a trend line must continue to infinity. Yeah. People talk about the Japan of the 80s, you don't hear so much about the Japan of the 90s - "the lost decade" outside of economic circles. I'm sure China has no interest in repeating that!
- EA-3167 2y agoExactly, but they're in a much worse position than Japan was. They also have giant property bubbles, but a MUCH worse government, a much worse generational divide, a MUCH worse demographic bomb, and no seeming exit from the "we manufacture things" road onto something more sustainable. Having 1.4 billion people doesn't help either.