The cozy relationship between the state and the big corps gives me worry, but ideally:
1. Giving everyone a central bank account makes issuing a UBI really easy. That would be great for Japan to boost domestic consumption, and get those hikikomoris some non-shit non-saleryman jobs.
2. If this does eventually displace cash, they can also try out fun things like https://en.wikipedia.org/wiki/Demurrage which would really counteract deflation in all the right ways but none of the wrong ways.
Ultimately, per stuff like https://yalebooks.yale.edu/book/9780300244175/trade-wars-are... the world really needs the big exporter countries to consume more. The world we live in of large trade imbalances is not healthy for the US or the big exporters alike.
I don't think the US has the political will to overcome it's oligarchs and stop the imports, plus the poorer countries that don't even export a lot still greatly depend on our trade deficit to be able to get USD reserves. It is better the big exporters stop "importing our demand" so much, and focus more on domestic consumption (and at least China has stated they want to do this). That will put the pressure on the US from the outside to side-step our failed-state politics.
The cozy relationship between the state and the big corps gives me worry, but ideally:
1. Giving everyone a central bank account makes issuing a UBI really easy. That would be great for Japan to boost domestic consumption, and get those hikikomoris some non-shit non-saleryman jobs.
2. If this does eventually displace cash, they can also try out fun things like https://en.wikipedia.org/wiki/Demurrage which would really counteract deflation in all the right ways but none of the wrong ways.
Ultimately, per stuff like https://yalebooks.yale.edu/book/9780300244175/trade-wars-are... the world really needs the big exporter countries to consume more. The world we live in of large trade imbalances is not healthy for the US or the big exporters alike.
I don't think the US has the political will to overcome it's oligarchs and stop the imports, plus the poorer countries that don't even export a lot still greatly depend on our trade deficit to be able to get USD reserves. It is better the big exporters stop "importing our demand" so much, and focus more on domestic consumption (and at least China has stated they want to do this). That will put the pressure on the US from the outside to side-step our failed-state politics.