The word of the day is “zomb-economy”.
It continues to amaze me that people are surprised that, having done everything the Japanese did, we are getting the same results the Japanese got.
The word of the day is “zomb-economy”.
It continues to amaze me that people are surprised that, having done everything the Japanese did, we are getting the same results the Japanese got.
That’s not entirely true: they invested much more heavily in pointless robots and lifelike sex dolls.
The robots aren’t nearly as pointless when you take into account Japan’s low birthrate and how averse the Japanese are to immigration. They need something to replace the lost workers. BTW, it’s just a WAG but that low birthrate might be partially explained by your second example.
From Mish:
We’re the living dead. Mish also gives an opinion that happens to match what I’ve personally seen: “I believe a major reason the 27 weeks and over percentage is dropping now is people have exhausted all their benefits and have claimed disability or gone on “forced retirement” to collect social security benefits.” But the private sector is doing fine, and this is a step in the right direction.
@Dave Schuler
We haven’t quite done everything Japan has. So far we haven’t repeated their stupidity in raising taxes as the conservatives did in 1997, so as to reduce budget deficits. It was after that the Japanese economy really went into the toilet.
Heh…damn Michael I needed that thanks.