Awet Tesfaiesus, MdBApr 6
Correct me if I’m wrong, but Japan has had near-#zerogrowth for almost 25 years now, and it seems the world hasn’t come to a halt and society hasn’t collapsed.
Show threadMarcin CieślakApr 6

@AwetTesfaiesus not sure if this could be related: their public debt is 234.9% of their GDP.

Source: https://www.imf.org/external/datamapper/GGXWDG_NGDP@WEO/JPN?year=2025

Show threadmartin

@saper Is there a magical number where it all breaks down? Germany is extremely cautious with gov. spending and the debt is 60% of GDP. The number itself does not invalidate the point @AwetTesfaiesus is making.

IMHO: We are living below our standards because the german government is afraid of a big numbers on the budget plan.

Apr 6 at 9:21pmWeb
Show threadAwet Tesfaiesus, MdBApr 6
@mendress @saper remember: GDP doesn't mean you get richer. It means money gets spend faster than last year.
Show threadMarcin CieślakApr 6

@mendress

I find the question pointed by @AwetTesfaiesus very interesting to analyze, with no "easy" answers.

What worries me personally: who is going to be a decision maker in such a country - the taxpayers or the investors :(

Show threadAwet Tesfaiesus, MdBApr 6

@saper @mendress

The question is on the table for many years, isn't it?

When countries don't own their assets anymore, who is in charge (really)?

Show threadMarcin Cieślak6d ago

@AwetTesfaiesus Yes, very much indeed

There are many who can give an easy answer to the question who is really in charge. #conspiracy

@mendress