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India has surpassed Japan to become the fourth-largest economy

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Re: India has surpassed Japan to become the fourth-largest economy

#51

Post by krapp »

password54321 wrote: post #45
ivell wrote: post #23

Earlier quoted context omitted.

Japan may have better human rights now, but was not the role model in the WW2. People are an important component of growth. Japan is facing aging population negatively impacting their GDP. What is greed for you? Building companies in the hope of becoming millionaire? If yes, then all the big economies have followed this path. Even China and Japan were greedy in that sense.

You can have growth without greed. This might sound crazy these days but you can build things and do things that make money and actually benefit people rather than exploit.

Japan is a capitalist country, their growth is as much based on greed as any other.

They do have robust social safety nets and a culture of civic mindnedness which improves quality of life over many other capitalist countries (particularly the US) but also "black companies" and salarymen working themselves to death.

Re: India has surpassed Japan to become the fourth-largest economy

#52

Post by leosanchez »

coffeeaddict1 wrote: post #33

Unfortunately, this metric is only relevant for geopolitics. The people of India still live in a country full of corruption at every political level, with basic hygienic and health needs unmet, an almost toxic air pollution level in big cities, very poor infrastructure, etc... It's a beautiful place, but I wouldn't want to live there.

Health isn't that bad IMO.

Re: India has surpassed Japan to become the fourth-largest economy

#53

Post by ACCount37 »

pixelpoet wrote: post #25
ACCount37 wrote: post #19

Earlier quoted context omitted.

The alternative is stagnation. And if you think that zero sum economy would favor you over corporations and billionaires, I have a bridge to sell you.

And if you think humanity is making it past ~2100, I have some carbon credits to sell you: https://www.sciencedirect.com/science/article/pii/S001632871... Growth über Alles / the race to consume everything we can in our spherical petri dish with the same level of awareness as mindless bacteria, will be the end of human civilisation, regardless of anyone's economic beliefs.

Climate change is simply not an extinction threat. Despite all the fearmongering, the worst case scenarios top out at "WW2" levels of devastation and loss of life.

The only credible extinction threat to humankind so far is an ASI oopise, and that's because it's an intelligent threat.

Re: India has surpassed Japan to become the fourth-largest economy

#54

Post by geremiiah »

andrewstuart wrote: post #9

You can stop worshipping growth any time you like.

Capitalism and democratic systems don't work without growth. Just look at the consequences of the economy stagnating in western Europe and what that is causing on a societal and political level.

No growth means no jobs for new grads, no growth means workers have no negotiating power with their employers, no growth means young people remain poor and cannot afford families. No growth means young people with bad economic prospects seek political alternatives, and newsflash, they far-right with their magic-grift-politics are far more appealing than the far-left with their estorectic utopian far-fetched plans.

Also no growth means a worsening wealth inequality over time.

Re: India has surpassed Japan to become the fourth-largest economy

#55

Post by leosanchez »

wtcactus wrote: post #36
gsky wrote: post #29

Earlier quoted context omitted.

California wasn't colonised but india was for 200 years by Europeans

And they managed to end slavery and the caste system while they were there (that unfortunately came back as soon as India got independent again). No need to thank the “Europeans”. You’re welcome.

> And they managed to end slavery and the caste system while they were there (that unfortunately came back as soon as India got independent again).

1. Did they really end slavery if you rename it to something else? [0]

2. You didn't end caste system. If anything you made it more rigid

> No need to thank the “Europeans”. You’re welcome.

Thank you for all the massacres and famines Europeans. [1] [2]

[0]. https://en.wikipedia.org/wiki/Indian_indenture_system

[1]. https://www.theguardian.com/commentisfree/2019/apr/12/britai...

[2]. https://en.wikipedia.org/wiki/Bengal_famine_of_1943

I didn't even scrape the surface of the atrocities you did.

Re: India has surpassed Japan to become the fourth-largest economy

#56

Post by [deleted] »

password54321 wrote: post #45
ivell wrote: post #23

Earlier quoted context omitted.

Japan may have better human rights now, but was not the role model in the WW2. People are an important component of growth. Japan is facing aging population negatively impacting their GDP. What is greed for you? Building companies in the hope of becoming millionaire? If yes, then all the big economies have followed this path. Even China and Japan were greedy in that sense.

You can have growth without greed. This might sound crazy these days but you can build things and do things that make money and actually benefit people rather than exploit.

[deleted]

Re: India has surpassed Japan to become the fourth-largest economy

#57

Post by leosanchez »

password54321 wrote: post #45
ivell wrote: post #23

Earlier quoted context omitted.

Japan may have better human rights now, but was not the role model in the WW2. People are an important component of growth. Japan is facing aging population negatively impacting their GDP. What is greed for you? Building companies in the hope of becoming millionaire? If yes, then all the big economies have followed this path. Even China and Japan were greedy in that sense.

You can have growth without greed. This might sound crazy these days but you can build things and do things that make money and actually benefit people rather than exploit.

> You can have growth without greed.

Any examples ?

Re: India has surpassed Japan to become the fourth-largest economy

#58

Post by litigator »

logicchains wrote: post #7
threethirtytwo wrote: post #4

Per capita is the more meaningful number. Look up the rankings. The difference is dramatic. For trajectory note that the Indian population is growing while japans population is shrinking. So taking all that into account per capita it’s about 50 years before India catches up with Japan if current rates stay the same. I can guarantee rates will not stay the same.

Non-per-capita is more meaningful for comparing military strength, in the unlikely event that India should one day decide to invade Japan.

Considering India's' military procurement, nominal is more meaningful if they fancied invading Japan.

edit: ah, i should have read the article, it is nominal.

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