Posted on 02/23/2013 6:41:19 PM PST by kanooga
Yep, like Steyn is always saying, it’s all demographics.
http://www.indexmundi.com/japan/demographics_profile.html
Population growth rate -0.077% (2011 est.)
China is printing more than we are, and has a real estate bubble bigger than ours was in 2007.
and unlike the western economies, their is completely driven by corruption.
and unlike the western economies, their is completely driven by corruption.
>>>Yep, like Steyn is always saying, it’s all demographics.
http://www.indexmundi.com/japan/demographics_profile.html
Population growth rate -0.077% (2011 est.)<<<
Sure. As for economic stagnation there are actually numerous factors, some of them are contributing to demograthics in two ways.
Japan has a good reason to die-off.
Japan’s effective growth since WWII was all based on industrial production exports so it’s fate was sealed as early as earlier 70s as US got laid with Red China for some strategic Cold War reasons. Right now they are barely competing on a base of higher value added products but it won’t last long for the Chinese to catch up.
For that reason Japan has to retire Godzilla from it’s folklore position to replace it with Henry Kissinger. As for China they have to build a huge statues of that same person along with Lenin and Mao. They can carry his portraits on May Day parades as well.
It is pretty ironic US was affected about as much in that direction. It is not that broken simply because US economy is more diverse.
What they should do is close down lots of roads, airports and other public sites that are no longer needed for a shrinking population and sell that land to private owners. You’d drive the housing prices and land owner prices down and the government would make money for itself by privatizing land ownership. And then while they’re at it put that money into patching up the now “fewer” numbers of public works that need fixing and start building or completing renewable energy power sources so as to drive down prices on everything including manufacturing exports.
There must be a reason other than technology why Japan can’t make it on just solar or wind power.
I think you could “jazz” up your line by saying “Can’t we please give WAR a chance ?”
“Now, everybody says the EXACT SAME THING about the Chinese.”
the chinese have more people, more oil than japan, and more wide open capitalism.
China has a day-to-day supply of coal, and has been artificially keeping its work force busy with useless make-work projects like building ghost cities.
Add to that their corruption and their killing off of a generation of women. Not really bright indicators of internal strength.
My tagline is my response
I remember that too.
1. It destroys stuff, which then needs to be rebuilt creating jobs.
2. It kills lots of people which lowers the unemployment rate since fewer people alive means more jobs for those still left alive.
YEP...I remember that too...was working at INTEL and they were pushing KANBAN (sp?)....etc...what a load THAT turned out to be.
The case against Keynesian economic policy is clear. No civilization in man’s entire history has ever spent itself to prosperity. Anytime it is tried it is an act of . . . Kamikazi. Japan should know how that works very well.
I remember reading how they're trying to force 10% annual growth. I guess this is how they're doing it, on paper.
Simply amazing how far and fast the economy of Japan has fallen. In the late 80’s, Japan was an economic marvel and the envy of world. Now, they are on the verge of collapse.
This is not a comforting fact considering that we have many of the same problems with our own economy. I think our good luck in being blessed with many natural resources and our capacity for change, our ability to adapt, has kept us, so far, from falling apart ourselves. It is truly scary that Japan with its highly educated and law-abiding workforce, one that in many ways is equal to or superior to our own, still can’t keep their country from losing its share of international markets. If it can happen to them, it can surely happen to us.
I really hope that if Japan is going to fail, it does so soon. This isn’t because I dislike Japan or Japanese, but because the democrats and Keynesians are holding them up as a role model, that we can still deficit spend because Japan has even greater debt than we do and is still limping along. If Japan fails spectacularly soon, it would help us all get on the same page of reducing spending.
So the socialists are right, since that’s government spending....
Keep on dreaming. Just in last 25 years, China has created 150 NEW Billionaires and ONE MILLION NEW millionaires. Naked capitalism is obviously thriving in China. Sure the system is autocratic. But that keeps crime rates near zero. And you will never hear the muzzies creating trouble in China. When there was trouble recently, the government rounded up several hundred terrorists and shipped them to Allah’s heaven. That is the assumption since no one has seen them since.
You must not be following financial news. Last year China raised interest rates to cool off the the real-estate bubble, which is caused by speculators, and is mostly in high demand crowded areas such as Beijing. Go 500 miles out and there you will find thousands of newly built unsold homes.
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