First off. Economists define "poverty rate" in a slightly cheeky manner: "The poverty rate is the ratio of the number of people who fall below the poverty line and the total population; the poverty line is here taken as half the median household income." This means that if the middle class is 5% better off after one year and the lower class is only 2% better off, then the poverty rate will go up. Eventhough all house…
Japan's Growing Poverty Defies Glib Explanations
141–150 of 159 posts
Re: Japan's Growing Poverty Defies Glib Explanations
#142It's depressing to read all the misguided commentary about Japan in western media. We're talking about one of the world's oldest continuous civilizations, which currently has the longest life expectancy, and one of the lowest crime rates. Japan will endure, as it has for thousands of years. I'm more worried about where America and Europe are headed. Prosperity is one thing. Greed, corruption, and exploitation are ano…
> Western commentators will tell us that huge bloc of elders are an impossible burden on Japanese society. It's only a certain type of ideological commentator, who also tend to insist on the contradiction that the burden of a growing number of elderly is unsustainable for the working age population, but that we are also all being automated out of our jobs.
A population of elders with a disproportionately small pool of working-aged adults throws this balance out, and is obviously a threat. If you combine that with the fact that those few who are capable of working to support the older generation are without question losing their jobs to automation, I don't see how the combined effect isn't an obvious and looming threat.
When you say that those two things are a contradiction, are you suggesting that the commentator is incorrectly pointing out that this is a contradiction when it isn't, or are you saying that the commentator is mentioning these two things, and you yourself think they are a contradiction?
Re: Japan's Growing Poverty Defies Glib Explanations
#143Earlier quoted context omitted.
Is America a strong country in your mind? (It also has a history of mass genocide and slavery.)
In some realpolitik sense, of course. But never would I argue that the grotesque excesses of American history were signals of strength or potential in line with some greater ideality. They were unchecked manifestations of baser instincts which their societies failed to counter. Strength was to be found in those that, faced with these circumstances, stood against them.
Re: Japan's Growing Poverty Defies Glib Explanations
#144Earlier quoted context omitted.
if I went by the story I've lived, I would assume that everyone in America makes six figures. I appreciate your optimism, but you can't let hope get in the way of data.
Well, I've made a lot of money in America and been afforded all of the privileges, but every North American city I've ever lived in had a miserable, destitute area and plenty of visibly neglected people, not to mention the background noise of violent crime and sleazy people who will take any advantage they can get. I wish it wasn't true, but it simply is. I've lived on the west coast, east coast, south and Canada. We…
You have lived a very privileged life in Japan, my friend.
I have travelled to Japan and have a fiancee who is Zainichi North Korean.
I urge you to stop interpreting Japanese culture with such extreme rose-coloured glasses and tone down your extreme positivity because it is blinding you from having the "balanced view" you say you have of Japan. Furthermore, it is insulting to minorities in Japan, which has a racist, insular, homogenous culture that so rigidly controls what is "true" and what is "false". The difference is that racism in Japan manifests itself in less violent and direct ways, as the culture of honne and tatemae is so prevalent. So it's difficult for foreigners to distinguish these things at face value.
If you compare types of crimes and the types of "bad things" in the US to Japan, you will see Japan has very little of the "bad" things the US has. That is not the point, however.
For example, I read an article that car accidents are up there as the leading causes of most deaths in the US. The Japanophile will remark how great Japan is because cars are not the leading deaths in Japan. But what the Japanophile will not tell you is that Japan has a high suicide rate, Hokkaido residents have the highest rate of heart disease in the world due to their consumption of sodium, and other issues that are probably specific to Japan.
There are very few robberies in Japan, but sexual harassment and sexual assaults are so common that there are specially designated areas and classes for women only. The sexual predators known as "chikan" have targeted foreigners, as well. It is so widespread that there are public service announcements advising women to be cautious. Does this happen in the US? Yes, but not to the degree that it happens in Japan.
I'm sure you don't know what it feels like to be eating at a sushi restaurant with your family and an old Japanese "steward" interrogating you about why you don't pay taxes and still leach off the government like Zainichi North Koreans have felt. These stewards' reasons are unfounded, of course, and an explanation of this would be too lengthy to write in this box.
Homelessness? Please tell me what your thoughts are on Kamagasaki: http://viewfind.com/story/fruits-of-his-labor-or-lack-thereo...
For reference:
https://www.tofugu.com/japan/nishinari/
http://www.japantimes.co.jp/news/2014/03/24/national/nations...
Japan has many wonderful things, but what I have learnt is that Japan has specific problems related closely to their unique culture. It's tempting to consider Japan as the better country simply because it lacks the bad that the US has. But I believe the wise thing to do is consider the opinions of those Japanese that want to leave their own country and their reasons for doing so. This way, you get a more balanced view. It is definitely a trade-off, and it is about your priorities.
Re: Japan's Growing Poverty Defies Glib Explanations
#145Earlier quoted context omitted.
Not sure about "doomed", but you can't spend money you don't have forever, you are taking the money from the future. Also, aging demographics is a big issue, because there will be fewer and fewer people to pay for retirees. There are well-known hedge funds (check out Kyle Bass) betting against Japan. There will be painful decisions to make, not just for Japan, but for other indebted countries (most of the developed w…
> you can't spend money you don't have forever Nothing lasts forever, so let's talk about your model of how the economy works within your decision horizon. The BoJ has been printing yen for decades, and the counter-intuitive result is that yen is strong and 30-year interest rates are less than one half of one percent. Your model predicts imminent catastrophe, yet there is zero evidence that this cannot continue for t…
My "model" is based on common sense. You can't create prosperity through financial engineering - but you can hide worsening prosperity for years (if you are a central bank). I don't know how long it will take to blow up, but blow up it will.
Re: Japan's Growing Poverty Defies Glib Explanations
#146Earlier quoted context omitted.
> you can't spend money you don't have forever Nothing lasts forever, so let's talk about your model of how the economy works within your decision horizon. The BoJ has been printing yen for decades, and the counter-intuitive result is that yen is strong and 30-year interest rates are less than one half of one percent. Your model predicts imminent catastrophe, yet there is zero evidence that this cannot continue for t…
This is going off-topic, so I will try to keep it brief: My "model" is based on common sense. You can't create prosperity through financial engineering - but you can hide worsening prosperity for years (if you are a central bank). I don't know how long it will take to blow up, but blow up it will.
When this happens, it could mean that our intuition is right and reality will eventually conform to how we think things should work.
But more often, it means that there is more going on than we understand, so we should calibrate our thinking to correspond with what is actually happening.
You're free to wait for the territory to change to match your map. As for myself, I find it's more profitable to update my map to match the territory.
Re: Japan's Growing Poverty Defies Glib Explanations
#147Earlier quoted context omitted.
Well, I've made a lot of money in America and been afforded all of the privileges, but every North American city I've ever lived in had a miserable, destitute area and plenty of visibly neglected people, not to mention the background noise of violent crime and sleazy people who will take any advantage they can get. I wish it wasn't true, but it simply is. I've lived on the west coast, east coast, south and Canada. We…
I'm ready to take all the downvotes. You have lived a very privileged life in Japan, my friend. I have travelled to Japan and have a fiancee who is Zainichi North Korean. I urge you to stop interpreting Japanese culture with such extreme rose-coloured glasses and tone down your extreme positivity because it is blinding you from having the "balanced view" you say you have of Japan. Furthermore, it is insulting to mino…
Re: Japan's Growing Poverty Defies Glib Explanations
#148Basically there are two definitions of poverty with two crowds of followers. 1. People are poor if they can't afford (basic) things. People are very poor if they go hungry to bed. 2. People are poor if they earn less [1] than the average (not median) household. From the article "The report looked at the gap between the income of the poorest Japanese families with children and the average household income." When does…
Firstly the price of beans, CPUs and clothes may have fallen - but the price of education, healthcare, energy and especially housing have not fallen. They take up more and more of disposable income - and it's hard to argue that they are luxuries. Second "when some people get a lot richer" this especially pushes up the cost of housing (arguably education too) a rationed good. The experience here in the UK is that more…
Over what time period do you mean? I'm pretty sure just about everything has a lower cost than it did 50 years ago, with the exception of real estate in neighborhoods where the population density has soared. If you don't insist on living in one of those neighborhoods, you can life that is better than what you'd have had in 1965 in every respect and spend less time working to support that lifestyle than you would have spent at that time for the inferior quality of life.
Re: Japan's Growing Poverty Defies Glib Explanations
#149Earlier quoted context omitted.
Not sure about "doomed", but you can't spend money you don't have forever, you are taking the money from the future. Also, aging demographics is a big issue, because there will be fewer and fewer people to pay for retirees. There are well-known hedge funds (check out Kyle Bass) betting against Japan. There will be painful decisions to make, not just for Japan, but for other indebted countries (most of the developed w…
> you can't spend money you don't have forever Nothing lasts forever, so let's talk about your model of how the economy works within your decision horizon. The BoJ has been printing yen for decades, and the counter-intuitive result is that yen is strong and 30-year interest rates are less than one half of one percent. Your model predicts imminent catastrophe, yet there is zero evidence that this cannot continue for t…
Not according to the Bank of England.
http://www.bankofengland.co.uk/publications/Documents/quarte...
Re: Japan's Growing Poverty Defies Glib Explanations
#150Earlier quoted context omitted.
I'm ready to take all the downvotes. You have lived a very privileged life in Japan, my friend. I have travelled to Japan and have a fiancee who is Zainichi North Korean. I urge you to stop interpreting Japanese culture with such extreme rose-coloured glasses and tone down your extreme positivity because it is blinding you from having the "balanced view" you say you have of Japan. Furthermore, it is insulting to mino…
Good that you put some balance in his/her overly rosy picture. Hope he/she learns a bit from this.