in the long run the fortunes of nations are determined by population trends. Japan is not only the world's fastest-aging major economy (already every fourth person is older than 65, and by 2050 that share will be nearly 40 percent), its population is also declining. Today's 127 million will shrink to 97 million by 2050, and forecasts show shortages of the young labor force needed in construction and health care. Who will maintain Japan's extensive and admirably efficient transportation infrastructures? Who will take care of millions of old people? By 2050 people above the age of 80 will outnumber the children.
Who will take care of millions of old people? Robots!
(Score: 1) by khallow on Friday August 28 2015, @02:57PM
...and you have never specified what the solution is when Capitalism has completely fallen on its face--except waiting for the Capitalists who have kept their billions to do what they will (the model followed during the 2-decade-duration Long Depression).
Let it sort itself out. It's worth noting here that we don't really know if the Long Depression was worthy of the name. There's a lot of vague talk and little in the way of hard measurement. And given the huge productivity gains during the period, I'm not really sure what's supposed to be bad about the period.
Keynes was a Capitalist at his core and AS YOU HAVE NOTED MANY TIMES BEFORE, bailouts of failed Capitalists is antithetical to Capitalism.
I don't want to shatter your high opinion of capitalists, but hypocrisy is not unheard of.