On Mon, 18 Apr 2005 08:13:28 +0100, mike wilson <[EMAIL PROTECTED]> wrote:
Japan is a free market, and their economy hasn't grown for years. I haven't heard anyone say it has collapsed, though. No Japanese are starving, and they haven't declared war.
Japan is a free market in the same was as my crease runs sideways. It is entirely funded from government "borrowing" from state savings schemes. The proportion of their wages that the average Japanese puts inot these schemes is terrifying.
We'll do nothing now, but we'll remember these words in about five years time. 1929 will seem like a mild hiccup.
I think we agree there.
John
Agree completely, in that we see that behaviour here and undoubtely in other "westernised" countries. But there must come a point where rising cost of manufacture/promotion of all this junk meets the disposable income ceiling and sales fall. Once that happens, the free market model collapses as it depends, in its entirety, on growth.
mike
