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33 sats \ 0 replies \ @Coinosphere 13 Jul \ parent \ on: The Runaway Train of Deficits bitcoin
The wiggle room is all cultural, but the underlying problem isn't changed in any way.
In Japan's case they can shoulder so much debt because the mindset of the average Japanese consumer is incredibly obedient. They'll work 80-hour work weeks without vacation for decades at a time just because it is expected of them. When their government expects things from them the story is the same. They obey blindly.