In the context of Capitalism, sure, Japan is in trouble.
But then again, any system that demands infinite growth within a finite system has a biological parallel… in cancer. Yes, capitalism is economic cancer.
Japan has a bright future in front of it, if it can successfully pioneer an effective degrowth system that prioritizes the lives of people over Paraiste-Class profits.
Outside of capitalism it is hard to function below replacement level because the young people have to take care of the elderly
Inside capitalism, people aren’t having children because captialism isn’t giving them the economic capability to do so.
The west’s population boom in the 50s to 80s only occurred because a single wage earner could, with a high school education and a wage just a little over minimum wage, be able to own a decent home, have a non-working SAH spouse, several kids, two cars in the driveway, and still have enough left over for a decent holiday once a year as well as save generously for retirement.
This all got stolen from these latest generations. What 90+% of the population was once capable of achieving is now only (largely) available to less than 20% of GenZ. A large proportion have given up on retirement, home ownership, or children. And this is WITH degrees and extensive career experience.
If you want to solve population crashes, start with income inequality: start taxing the wealthy and bring back a 90+% top tax rate. Get this money back into the hands of people who actually generate that wealth, and families will follow.
Is cancer really cancer if the rest of the body can adapt and grow faster than it? You describe capitalism as a finite system and then heavily imply that we’re near the outer boundary of that system or that all current and future resources are almost depleted.
You describe capitalism as a finite system
No, I did not. Capitalism demands infinite growth. This planet is a finite system
and then heavily imply that we’re near the outer boundary of that system or that all current and future resources are almost depleted.
I don’t imply. I simply state a known fact. Anyone with even a passing exposure to economics and resource extraction would be very familiar with this fact.
For example, 100 years ago, the energy within a barrel of oil could extract an additional 300 barrels of oil from the ground. These days, despite technology that has made the process massively more efficient, we get barely 10 barrels of oil out of the ground for that same amount of energy expended.
These days same goes for almost every other resource you could possibly shake a stick at, from minerals such as steel and copper, over harvested materials such as fish and wood, and all the way down to agriculture, where the topsoil that almost all of our crops depend on will be completely depleted within the next 60 years, and will be depleted in most agricultural regions within the next 20-40.
Capitalism is a cancer, and it’s killing the planet.
The fact that our planet’s resources are finite is a matter of physics. Capitalism may come up with some innovation or another that adds more lifespan to it, the way that digital spaces and the financial industry have done, or it may have another global war that creates room for a new period of traditional growth at the cost of countless lives, but it will inevitably hit an insurmountable wall.
The biggest issue that no one ever wants to talk about is …
… it’s isn’t about the QUANTITY of life
… it’s about the QUALITY of life.
If people are able to have a comfortable, stable and prosperous life, with plenty of their own free time to enjoy without worrying about losing everything then they’ll make time and an effort to have a family and children.
If all our wealthy overlords ever want to do is squeeze every penny out of us all the time, then people will be less likely to want to have children.
It also strongly correlates to women’s rights and access to education. The more educated women are, the less likely they are to have a lot of kids.
https://blogs.worldbank.org/en/health/female-education-and-childbearing-closer-look-data
It’s why you see a renewed attack on women in some developed countries, especially in the US.
Here’s what happened in America.
In the 1960s the “Women’s Lib” movement started. They got a lot of press coverage because it was a good stroy, but didn’t actually change things a lot.
In 1973 the Oil Embargo hit and suddenly one job wasn’t enough for the family to survive. Lots of wives had to go out and look for work to keep paying the bills.
The Right has been lying that women getting jobs is what destroyed the one income family.
Tying the mortgage repayment rate to the median salary of a single individual would go some way towards fixing things then, but that would mean putting price caps on houses which would devalue the currency and also need anti-cartel laws (eg. Laws mandating a maximum amount of homes one can own, as cartels might see artificially low prices as an opportunity to buy up more houses).
Artificially constraining parts of banking and all of residential real estate is likely to have other unforeseen effects on the economy, but may still be worth it.
Another alternative is starting a state bank in which citizens can be part of a rent-to-own mortgage, with minimum but achievable life time repayments. If they don’t meet those minimum payments, the house is sold and the profit from the sale is portioned out between the state bank and the mortgage payer in proportion to how much % they paid off.
That’s a win win, as theyre probably getting a big cash payment when struggling, and the state bank then gets to relist the home.
How do you put price caps on houses? They vary so much in price depending on location. A shack in San Francisco costs the same as a mansion in the middle of nowhere.
No this kind of centralized approach is doomed to fail. We’re much better off with Georgism with a land value tax and the total repeal of zoning laws. People should be able to build what they want, where they want, and the land value tax captures the increases in property values as a result. When a neighbourhood becomes too expensive to afford for single family households it gets converted into apartments.
All of our housing problems come from meddlesome local politicians, their NIMBY supporters, awful zoning laws and easements, and a terrible property tax system which disincentivizes development. A very simple land value tax system along with the total removal of local politicians’ power over housing development solves all of these issues.
People should be able to build what they want, where they want
I’ll be sure to build a toxic waste dump right beside your house.
Sure, if you can pass the environmental requirements. And of course if any of the toxic waste leaks onto my property I’m gonna sue you for everything you’ve got.
It’s not city hall zoning laws stopping you from building toxic waste dumps. When I said people should be able to build what they want, I was talking about mixed density housing and mixed use / light commercial.
There are some good people here on Lemmy but my god are there an awful lot of obtuse, blockheaded teenagers! Get a clue!
Sure, if you can pass the environmental requirements. And of course if any of the toxic waste leaks onto my property I’m gonna sue you for everything you’ve got.
Good news! Trump is not only rolling back environmental regulations, but dismantling them entirely. Which means pretty soon, you will have no legal recourse whatsoever to any toxic waste that leaches onto your property.
And yes, my business would very much be a “light commercial” business.
