70.1% of Singapore's economy is service based. And I don't get why this is so complicated. Those tiny countries have a service that can support that many people. Japan has its own Hong Kong in Tokyo, we have New York City. But Japan cannot support 120 million people doing what Hong Kong does. It's not even logical. Population density has absolutely nothing to do with this argument, lol.
70.1% of Singapore's economy is service based. And I don't get why this is so complicated. Those tiny countries have a service that can support that many people. Japan has its own Hong Kong in Tokyo, we have New York City. But Japan cannot support 120 million people doing what Hong Kong does. It's not even logical. Population density has absolutely nothing to do with this argument, lol.
Aoyama cites one man in his early 30s, a virgin, who can't get sexually aroused unless he watches female robots on a game similar to Power Rangers. "I use therapies, such as yoga and hypnosis, to relax him and help him to understand the way that real human bodies work." Sometimes, for an extra fee, she gets naked with her male clients – "strictly no intercourse" – to physically guide them around the female form. Keen to see her nation thrive, she likens her role in these cases to that of the Edo period courtesans, or oiran, who used to initiate samurai sons into the art of erotic pleasure.
WTF
Great link Joe...jesus that is fucked up
Issue does seem more cultural than economical though
WTF
Great link Joe...jesus that is fucked up
Issue does seem more cultural than economical though
cultural = behavioral = output
Economics is nothing more than a study on how people choose to use resources (time, capital, equipment, ingenuity etc.)
akphidelt types believe economics is about manipulating fictitious numbers in computers... "it's pure mathematics"
"Notice, this is purely mathematics, has nothing to do with where the govt is spending money. That's why I don't really care if they are spending too much on the military or spending billions on food stamps, welfare, infrastructure, etc." face)(*^%
Digging and filling holes = economic prosperity! Math baby!
Keynesians believe in magic...literally.
Wouldn't work at all. Like I said those countries are completely dependent on foreign demand. Even though Germany and China are net exporters, they have little foreign debt because large countries have to sustain themselves from within.
For example... Hong Kong has a $102,000 per capita external debt. That is 334% of their GDP. Japan is at 60%, US 106%, China 37.5%. It would be pretty much impossible for the US or Japan to finance their economies through foreign demand. It's not even reasonable to compare small ass countries like Hong Kong and Singapore to large countries.
The problem with Japan is more cultural than anything else. They have decreasing population, they don't spend like American's do... very hard to continue growing your economy when you have less people. Which is a dangerous situation as this can get you in that deflationary trap.
Japan really is not that bad off, these measures are more for continued growth since Keynesianism has worked so well for decades for them and us. Now China is even adopting our Keynesian like monetary system. But every large country needs to figure out how to continue to grow. Not that easy when you have $40k+ GDP per capita and over 120 million people.
Amazing that all these Keynesian economists didn't know about Japan's demographic, cultural, issues and their lack of resources until after Keynesianism failed. You would think that they would have factored all of that in. All Keynesianism has ever done is blow economic bubbles.
It hasn't failed and they have factored it in. You're under the impression that bubbles wouldn't exist without government involvement. That's what you have to do to take Austrian economics seriously, is just believe in random crap that you can't prove.
Japan is fine. Nothing failed there.
