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Yes, Failure Is An Option

Watching US and EU officials flub basic governance is deeply disturbing; look at Japan and you will see something worse.  Japan’s economic stagnation is now twenty years old, and Japan is no closer to fixing its broken political system or regenerating its economic dynamism than it was when its real estate bubble burst in 1991.

Countries really do fail, and bad decisions really do matter.  Let’s hope American politicians keep this in mind as the country edges closer to an entirely unnecessary debt crisis.

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  • silverfiddle

    Japan’s homogeneity is probably all that is preventing complete collapse. It also most like contributes to a lack of dynamism and original thinking that keeps them mired in this mess.

    We, on the other hand, suffer a lack of clear-eyed facing the facts and critical thinking. I blame public education.

  • Bruno Behrend


    That homogeneity might be preventing collapse, but is probably the source of the original problem.

    They lack the dynamism that comes with real (not fake) diversity.

    Peter Thiel (of PayPal and Social Network fame) got himself in trouble when he opined that “Democracy and Liberty may not really be suited for each other.”

    Most of us who disagree (and I do disagree) might be feeling a little bit uncomfortable right about now. Our (d)emocratic institutions (parties, interest groups, factions) are failing us right now.

    The worst thing is that one could make the argument that it is the voters who are causing these failures.

    If Thiel is wrong, what is the best answer to him?

    If a better oriented voter is part of the solution, what does one say to an electorate that has no interest in re-orienting itself?

    just askin

  • cja

    If Japan is a failure we need to redefine success

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