The Dark Side of Japan: The Lost Generation

[Your Old Comrade]

Looking at Japan from the outside, in many ways it looks like a model country - the 3rd biggest economy in the world with world-famous companies, extremely safe cities, a healthy population, and advanced technology and automation everywhere.

But underneath the surface, Japan is struggling. And most of its biggest issues are linked to its Lost Generation - millions of people who failed to succeed in the brutal Japanese job market and failed through the cracks of the system. The sad story of the Lost Generation is a symbol of Japan’s fall from grace – and a sign of its disturbing future.

00:00 - Intro
00:56 - Part 1: The Japanese Miracle
02:59 - Part 2: The Bubble Bursts
05:00 - Part 3: The Lost Generation
07:57 - Part 4: The Dark Future

[Your Old Comrade]

[Hexachordia]

Japan thrived on fiat dollar in post-oil peg era, fiat dollar heralded an age of free-market globalism and consolidated Middle Eastern energy policies. Things do not look good for Japan as Saudi and other major OPEC countries are trying to help engender a post-western world order. All fiat capitalist countries thrive on national debts, including China, it is why China never let go of their real estate bubble to become a fully fiat economy. Real estate is the real engine of economy, when japanese real estates bubbles bursted in 1990s, their economy was doomed to go slowing down. Deflation will continue for the forseeable futures since liberalism can not sustain an economy based on peoples labor but rather consumption. What is the ultimate form of consumption？ The war, the western system is an economy based on wearing aways and dispenses.