Communism will always end like this no matter how long they go it will always come crashing down.
China crushed their own currency in a cycle of debt and inflation to stomp out all foreign competition and dominate the market with goods cheaper than the material used to build them.
No mater how U calculate, that is a suicide strategy. They kill our business because no one can compete. While amassing huge amounts of foreign capital.
But on average they made a loss on every transaction.
Feels great while you're spending it, but you can't spend other people's money forever.
That's not just for nations, it's for individuals too -- racking up your credit card feels great, you look like a hero because you can buy anything you want, you can pay for others stuff, you don't even need to earn much income.
Japan also did this strategy of spending tons of debt. America for the past 25 years as well. Japan is a tiny little island that looked like the new superpower while they racked up incredible debt, America was able to pretend it was still a global superpower, but the bill comes due eventually. Japan has been dealing with the consequences for a decade, the US has been beginning that phase, and China isn't too far behind.
@sj_zero @EvolLove @Twig Japan went from the wreckage of WW2 to an ultra-modern economic super-power. A massive real estate bubble burst there in the mid-90's. Japan's largest banks held huge debt collateralized by Japanese real estate. Suddenly, they were insolvent (zombie banks). The Japanese government propped them up (and continued to prop them up) with massive government debt. This resulted in decades of economic stagnation. Japan's government debt is now 263% of GDP. (US is at 100%)
@EvolLove @sj_zero @Twig Imperial Japan was an ally of Nazi Germany during WW2. After their defeat, Japan was ruled by a guy named General Douglas MacArthur from 1945 to 1952. The US wrote their new constitution, which is modeled on the US constitution. The US-written constitution limited Japan's military (and military spending). After 1952, they served as an ally (and location of US military bases) of the US during the Cold War.
Yes but the Japanese ways still persisted. Their traditions and way of thinking and doing business. In many ways I admire the Japanese. They have close to zero Muslim immigration and it's almost impossible for a foreigner to become a Japanese citizen.
Japan is for the Japanese people. And they are proud of and value their own culture.
I wish we would have done the same.
But the socialist part seem to be less fortune. But where did they come from? Feudalism?
@EvolLove @RegalBeagle @sj_zero @Twig
I've spent a lot of time in Tokyo (largest city in the world). It's beautiful, very livable, with low crime.
The low birth rate (a crisis) is a complex issue. Workers work LONG hours, have lengthy commutes, and (for social cohesion) frequently go drinking with their work group after-hours. This leaves little time for meeting a potential spouse or spending time with family.
The economic downturn has also been an issue affecting the birth rate.
@sensei @EvolLove @RegalBeagle @sj_zero
Indeed, also the nature of Japanese debt unique and burdensome to the Japanese.
@EvolLove @RegalBeagle @sj_zero @Twig
To try to deal with the demographic collapse, the government of Tokyo has launched an official AI powered dating app:
https://japantoday.com/category/features/lifestyle/tokyo-government%E2%80%99s-official-ai-powered-dating-app-tokyo-enmusubi-has-officially-launched
@RegalBeagle @EvolLove @sj_zero @Twig General MacArthur tasked an American woman - Beate Sirota Gordon with writing women's rights into the Japanese constitution. Women were given the right to vote, and women were permitted to own property. Population grew rapidly postwar. It started declining during the period of the post-boom stagnation.
@RegalBeagle @sensei @sj_zero @Twig
I don't think so. Japan is very different from the west. Japanese women are not bragging about abortions.
They have some decline in birth due to natural instinct. When a place becomes to dense populated birth just starts to decline.