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5 sats \ 2 replies \ @OT 10 Jan \ on: Does China have the fiscal firepower to rescue its economy? econ
What does a failing economy look like when they're still making all the products for the world? Higher taxes on producers? More producers flee?
Japans Lost decade: Toshiba and Sony did not stop pumping out cheap & good electronics en masse to the world market, job losses were not a deep crisis and yet people lost paper wealth, peoples wages stagnated and gdp stopped growing
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3 decades lost and counting
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