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Japan is Collapsing
- macavity23 14y agoI am angry at the stupid Japanese government for taking our tax money and bailing out these zombie banks and keeping the status quo intact at the expense of the people and our children's future. Hmm, that sure sounds familiar...
- styluss 14y agoSounds familiar to me too! I'm Portuguese.
- markyc 14y agodemocracy is failing. people realised they can elect those who give them the most, so the politicians promise the world and give debt. not much longer until it all implodes. (inspired by some guy in the 19th century who studied democracy since the greeks - i don't have time to look for it - he said it takes about 200 years for democracy to implode)
- da02 14y agoThere is also, "Democracy", by Hans Hoppe. It discuses the economics of democracy, monoarchy, and a non-state system called, "private law society".
- chii 14y agocan you give a brief summary of what the conclusions are?
- da02 14y agoYou can read the conclusions at Amazon: http://www.amazon.com/Democracy-Economics-Politics-Monarchy-Natural/dp/0765808684 http://www.amazon.com/Democracy-Economics-Politics-Monarchy-... The full intro. chapter is available free: http://mises.org/hoppeintro.asp http://mises.org/hoppeintro.asp
- hacker-3 14y agoAs far as i know japanese governemnt debt is bought by japanese savers. So the balance is off kilter sure, but it's not "collapsing". So is this just another internet libertarian ideological warrior anecdote?
- da02 14y agoThe title does seem sensationalist, but it's probably due to his anger at politicians: They wanted to raise taxes and inflate the yen. If the BMW crowd is worried about the future, imagine what the other classes will have to endure and how worse things will get when they raise taxes and inflate the yen. At least that's how I interrupted the article.
- snogglethorpe 14y agoJapan is certainly having problems, but I would treat this article with a grain of salt. The author comes off as yet another entitled-yet-clueless gaijin-inna-bubble. The people he talked to are essentially the "parasite class", who spend lots of money on things like BMWs and aping American lifestyles; they're not representative of most Japanese. [A blog called "modernmarketingjapan" doesn't exactly inspire confidence either...]