>>12841248>Who cares about GDP growth? Are you fucking stupid? Are you not paying attention to the fact that China now owns the world? You think GDP has no geopolitical importance?
GDP is basically the lifeblood of a country. All the power of a nation ultimately derives from it.
By the way, Japan's PER CAPITA GDP has been stagnant as well.
>Would you rather live in Japan or Nigeria?Today Japan, but at current trends who knows in 50 years. Nigeria is growing (both in per capita and absolute terms) while Japan isn't.
Japan has a lower GDP per capita than in 1995, Nigeria has five times the GDP per capita it had in 1995.
>As opposed to the current situation where wages are stagnant and productivity per employee is the highest it's been in over 100 years? The system is turning everyone into cheap slaves instead of a free market with a local consumer driven economyMost of Europe has seen a great increase in wages over the past 30 years, only America and Japan are stagnant in that regard. (Among advanced economies)
>Another myth, Germany decresed their debt-to-GDP by over 20% while decreseing the population.Most countries with shrinking populations have increasing debt burdens, you citing the exception only reinforces this point.
>It has an hdi of 0.919 and that is still growing. Nope, the entire country is stagnant and slowly dying, villages becoming abandoned, this is the future you want? Stop thinking of TODAY you hedonist cunt and think 30 years into the future.
>What is your problem with Japan or are you just one of those misanthropic macroeconomists who wants the world to be like India where everyone shits in the street, but the GDP is great?Since we are throwing ad hominems, you sound like a weeaboo hedonistic neet that has no understanding either of economics or realpolitik.
Shrinking GDP = Weaker country
>no incentive for a business to adopt automation when they can have a cheap labour forceWrong, there's always incentive to increase productivity
