Japan: The World's First Post Growth Economy

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http://makewealthhistory.org/2011/02/01 ... h-economy/

interesting article....less is more is the 21 century motto

What will a no-growth economy approach asymptotically?

We know exponential growth must cease as some point. What is that point and what is the steady state like?

For the first time we will have to contemplate no-growth yet not stagnation.

ruveyn

All because Japan flounders? (note I'm Chinese, I feel nothing but hate for the Communist party of China, and pain for the evil that some of my people do). But I am glad that Japan although economic stangnant, are BETTER people than China. For the following reasons:

Nobody likes to look in the mirror and see a S covered excremental, but somebody HAS to tell the truth. Nobody loves to hear the truth.

-http://www.chinasmack.com/2010/stories/recent-chinese-graduate-buys-wrong-train-ticket-becomes-homeless.html

(Homeless GRADUATE from China).

-http://www.chinasmack.com/2010/pictures/dalian-oil-spill-cleanup-firefighter-drowning-captured-by-photographer.html
(If this is an economic miracle. I honestly hate to see a economic meltdown.

-http://www.chinasmack.com/2010/stories/father-son-set-selves-on-fire-to-protest-forced-demolition.html
Elderly Father and son, set themselves on fire to protest eviction. More, economic progress?

-http://www.chinasmack.com/2010/stories/kunming-police-recruiting-schoolchildren-informants.html
Awwwww little cute Hitler Jugens! don't you just want to tassle their hair?

-http://www.chinasmack.com/2009/pictures/high-real-estate-prices-young-chinese-men.html
One of the econmic disasters to befall Japan, and the States, was a real estate bubble. China's bubble is set to pop very very soon. "Property taxes have been implemented a few days ago to attempt to stem the tide". The Chinese have not understood the basic laws of econimics, DEMAND will always drive up prices if the SUPPLY is low. (no matter how quickly China churns out Tofu cemented structures, Tofu Freeways. The increase of wealth in China, inspires a booming hot market, where not enough houses can be built. But I'm laughing my balls off, 300,000 CND will only get you a small apartment.
May the Chinese real estate bubble burst and burst HARD.

- http://www.chinasmack.com/2009/videos/c ... ouple.html
Flower POWER!! !! !!


-http://www.chinasmack.com/2009/stories/happy-farms-popular-online-game.html
I loved the episode on South Park where Stan was mad at Kyle and started to rip up his crops, when he refused to help him.

The only reason why Japan's economy is on the slow grind downhill is because they dont have an open immigration policy. Seriously their xenophobia literally prevents them from having an influx of new young workers ...all the while their native population is marrying very late in life and have only one child because its too expensive to have more (unless they very wealthy!).

It will be very interesting to see Japan bounce back furiously in 20 years time when the bulk of their elderly population has died off and their housing market prices drop dramatically because so many houses will be up for sale. Maybe then they'll start having more kids.

An ever growing economy is a bubble, they all pop, and few governments have lasted long. It takes a lot of investment to raise the GDP 1%, and it takes land, materials, which will run out, get more expensive, and that curve always ends.

America is in the trap of having to increase employment, yet complains about people retiring at 60 in France. The people are going to pay, be it unemployment, boosting the GDP, or retiring people early.

I go with the comments, a simple life is better, garden, chickens, more time to be yourself and be involved with family, community.

A good job, city living, a car, clothes, interest on debt, is a lot more work for less enjoyment.

Post growth can mean that some will live on a few rural acres, produce most of what they need, and it would end unemployment, might cause a labor shortage.

Less people consuming drives down prices. We all get a raise, and I would not mind having neighbors who produced some extra, fresh from the garden, less the cost of shipping, cooling, warehouse, retail.

A lot of the GDP is taking in each others washing, it lifts the numbers, without reducing the work. Local U-Pick crops are mostly bought out before being planted. The Amish do well supporting themselves and selling the extra.

Our city, office, apartment, corporate job is not the only possible economy.

Credit cards are new, factories lasted a hundred years. GM has been cutting jobs for fifty years.

Nothing lasts but the land and sky.

Unlimited eternal growth is impossible.

ruveyn