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That will be the beginning of the end of the current doomed experiment in neoliberalism.
I can't really pinpoint why Japan needed to experiment with Neo liberalism. Their economy was going smoothly and they thought of playing with another approach. That's where, I think, they have masturbated.
Now, the situation is out of control and I don't think they can even reprimand it.
I don't know much about Japan, so this is a serious question: what is meant by neoliberalism here?
From Wikipedia:
Neoliberalism, also neo-liberalism,[1] is a term used to signify the late-20th-century political reappearance of 19th-century ideas associated with free-market capitalism.
So as per this definition, the sentence could be interpreted that they shouldn't have experimented with reducing coercion? Slavery was working and if it ain't broken, don't fix it?
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Watch princes of the yen
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Yes. Very good documentary.
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