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Cake day: June 15th, 2023

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  • When an overwhelming proportion of the population is elderly, an overwhelming proportion of the working age populations earnings have to will go to support them. This is measured by an economic ratio known as the dependency ratio which is going to get out of hand for countries like Japan. The strain on public finances paying for pensions and healthcare reduces quality of life for everyone in the country and depresses economic growth as young people working to support the countries elderly population and their own parents have less to invest in the wider economy.


  • It shouldn’t be, but German Auto makers are extremely slow to evolve due to their ridiculous bureaucracy. They’ve had ages to get on top of it and ignored it and they should pay the price for that, but they’re too big to fail for their countries economies. They’re definitely beginning to waver in the face of competition from china, so this comes across as the EU giving them a final respite to really start competing. Then again, could just exacerbate their complacency, we’ll have to see whichever way it goes.