Quote:
Originally Posted by Hugh
This may be more relevant - Economics Help
I would imagine a lot of that debt was due to the Government central planning and funding of R&D and Infrastructure, including Internet Infrastructure (but willing to be proven wrong). |
I think it's simpler than that, not so much government expenditure as the government offered incentives but didn't build the networks, an ageing and long lived population and a nominal tax take of approximately 27.5% of GDP coupled with years of deflation and expensive exports.
The geography of Japan also lends itself to such an enterprise.
Here we have regulations in place which actively prevent the incumbent from replacing copper with fibre and levy taxation on investments in infrastructure along with 'NIMBY' attitudes towards infrastructure deployment and a serious lack of joined up thinking in civil engineering work.
One big thing Japan has that we dont - cable forests.
http://www.dannychoo.com/post/en/165...+Internet.html
---------- Post added at 15:13 ---------- Previous post was at 15:11 ----------
Quote:
Originally Posted by Chrysalis
deflation is good for us mere peasants?
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No it really isn't.
http://en.wikipedia.org/wiki/Deflation#Effects