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Japan had a similar turn in the 80s, but unlike Europe they seem to have more of an alternative view of society and future. Europe seems to effectively follow
by groundzeros2015 1y ago
Japan had a similar turn in the 80s, but unlike Europe they seem to have more of an alternative view of society and future.
Europe seems to effectively follow American culture and practices with a dampener. Being America with healthcare and college funds has not been much of a vision for the future.
- onlyrealcuzzo 1y agoJapan just took out 300% of debt to GDP. There wasn't anything special. It was just debt.
- thiago_fm 1y agoIf you look at US' debt trajectory, it's on its way there -- and it will be quick!
- seanmcdirmid 1y agoThat had more to do with its population needing to save for retirement and Japan needing to invest those retirement funds in something. Almost all of that debt is domestic.
- mmooss 1y ago> Europe seems to effectively follow American culture and practices with a dampener. That's a complete misunderstanding of Europe. > Being America with healthcare and college funds has not been much of a vision for the future. It provides much lower costs (healthcare) and a healthier and better educated citizenry and workforce.