Japan's economy contracts sharply after devastating earthquake and tsunami.Worst earthquake in 1200 years followed by gigantic tsunami, and you expected prosperity to follow in its wake?
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| China-Japan-Koreas |
| Japan falls back into recession |
| 2011-05-20 |
| Japan's economy contracts sharply after devastating earthquake and tsunami. Worst earthquake in 1200 years followed by gigantic tsunami, and you expected prosperity to follow in its wake? |
| Posted by:Fred |
| #2 # 1 no mo uro Hello. Well said. I could say many things in tandem to your thoughts. So much government, socialism and blind dependency will prolong the pain beyond ten years I believe. Stalin was said to have asked his economic advisers what economy would pull them out of their economic doldrums. One unfortunate adviser said capitalism. Why? free the people who hunger for ambition or something like that. So when you have a economic winter it will be over sooner. Well that poor chap was dead about two months later. Until people are free. The ball and chains of government will stifle any country and its people. We will have less of everything and attack those we think have more than ourselves. |
| Posted by: Dale 2011-05-20 22:34 |
| #1 The whole world is going to be in recession for a long while. Everyone wants a pushbutton cure and a reset to 2005 but that isn't happening. Natural disasters make this worse for Japan but until the world and especially the Boomer generation gets the cluebat applied at its temple sufficiently they aren't going to make the changes necessary to alter the direction we've been on. The cluebat will be endless recession caused by endless big government and endless unreasonable expectations of material comfort and personal security and absolute freedom from any environmental hazard whatsoever. Sooner or later the public will figure it out, but they will only care enough to spend the mental energy doing so if there is a LOT of hurt. Such is human nature. It's a vicious circle we're in, that will need to be broken by the nonfunctioning of the post-New Deal world to the point where people have to rethink what's important. We need to destroy the mindset of entitlement and outcome egalitarianism and government guaranteed income stream security and bubblewrap protection from all risks of any kind in order to get back to sanity. We need the public to reconnect with the notion that what is great about America is not a guarantee of a certain level of material well-being at a certain age, but rather the opportunity to get to where you want and more importantly LIBERTY. Most people 100 years ago didn't have the affluence and trinkets people have now but they were a lot freer, and if things like this could be measured, I would guess a lot happier. It appears at this point that only prolonged hurt (10 years or longer) will wake the public up enough for them to support the changes necessary to get us back on track. I feel for the Japanese but the difference between their recession and our next one might work out to a few weeks or months in the onset. |
| Posted by: no mo uro 2011-05-20 05:46 |