Something strange is happening in Japan—not with its politics or its technology, but with its spirit. Quietly and without fanfare, the country appears to be opting out of the global race for growth. Its economy is stagnant, its birth rate declining,...
Not long ago I saw a factoid to the effect that Japan had attained a kind of equilibrium where population contraction was making economic growth unnecessary (after all: less people for same economic output, so the virtual effect is expansion). It’s a striking idea, it would be interesting to hear more about it.
Very interesting, inspiring even.
Not long ago I saw a factoid to the effect that Japan had attained a kind of equilibrium where population contraction was making economic growth unnecessary (after all: less people for same economic output, so the virtual effect is expansion). It’s a striking idea, it would be interesting to hear more about it.