Ankh- Morpok's avatar
Ankh- Morpok 1 month ago
I want to Japan a few years ago. It seems like they were about 20 years ahead of the rest of the world in the 90s but it froze there. So now they’re actually behind the rest of the world. I listened to a podcast (can’t remember which) but he was talking about how after Japan’s economic bubble burst in the 90s it’s been government “investment” through 0% interest rates that’s kept the economy ticking along but everyone is just marking time. There’s literally no incentive to innovate, and the economy is dragged along by low interest borrowing to fund zombie companies to keep people in work.

Replies (1)

Japan still looks modern on the surface but your right, the country is stuck in the 90’s. Business still uses fax machines and if you mention Bitcoin you’ve lost them completely