Tuesday, August 10, 2010

Japan's Economic Stagnation Is Creating a Nation of Lost Youths

by Charles Hugh Smith from Daily Finance

The article looks at the disturbing trend in Japan that is rapidly becoming true in the US. This provides more evidence to support my view that the operation of global capitalism is going to result in tiny islands of rich people living among vast oceans of poor, exploited, and surplus people.
The unraveling of Japan's social fabric as a result of eroding economic conditions for young people offers Americans a troubling glimpse of the high costs of long-term economic stagnation.