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Countries where people are losing faith in capitalism.
(thelemmy.club)
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this post was submitted on 02 Aug 2026
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wtf, Japan?
Japan seems to do capitalism pretty well. It has it's issues, but compared to other countries capitalism causes fewer problems.
I think part of the issue with capitalism is actually democracy. Democracy breeds incompetent governments, and with a competent government faith in capitalism can last longer than it otherwise would.
Japan has a demographic crisis, it's collapsing economically, and it has created an atomized consumerist society where everyone is isolated. Not exactly my definition of doing well. Meanwhile, you're confusing the broader concept of democracy with liberal democracy. Democracy only exists for the ruling class, and under capitalism it's people who own capital.
They have a currency crisis every other year for a couple of decades.
The average person doesn't really care about a currency crisis.
Spoken like someone who vastly overestimates the economic status of "the average" person due to their own relative privilege.
They very much care about not being able to afford things or their savings evaporating.