What’s causing the global economic downturn?
managed to market it to to the western. The key point the key point there is they are marketing to the to the western tourists because there’s so much western tourism because their currency is so strong in Japan. Um and so they’re inflating all the prices which is why the Japanese sort of feel right it’s a vicious cycle. I mean it it’s the same for us in the UK. Um our opposition to immigration is the massive uh the massive demand shock um or supply shock uh in some if you’re if you’re talking about labor. Mhm. Um it’s easy to blame the um symptom and not the cause in many of these cases. So what do you think is the cause of this sort of it seems like a global downturn in the economy. What what is what what is what is the cause of this is over over financialization? I don’t think there’s any like one root cause just a a stacking of lots of previous unressed issues like economic decline since global financial crisis c like kind of on top of that the wars on top of that wars co excessive borrowing during co excessive you know money supply during co and all of this was kind of done kind of very l fair like we will let future generations figure it out like we knew I think it’s quite the opposite of LZ fair it’s it’s very much government intervention well but by decision makers it was kind of oh we knew let’s let’s talk about like a year and a half into co right when we saw um signs that like the vaccination program like there was hope Okay.
Are the Japanese wary of tourists? #economy #japan #immigration