In response to:

Warning: The World's Third-Largest Economy Could Crash Soon

FA Wrote: Nov 16, 2012 3:24 PM
Yep, the trouble is, EVERY government does this. What used to make us unique was that our government was much much much smaller, and therefore consumed less of the economy to waste. Americans have decided to ignore reality for the past few decades, especially ignoring the extent to which creating a dependant electorate simply gives a ton of power to politicians in government. We have forgotten to fear government power. And THAT is the big problem.

In the summer of 2010, a little-noted milestone took place. China passed Japan to become the world's second-largest economy. Now, Japan needs to keep an eye on the rear-view mirror. Germany and Brazil are gaining ground and may overtake the Asian country in coming decades as well.

Japan's steady decline  -- relative to other economies -- can be attributed to a pair of factors: A rapidly-aging population and a too-strong currency. These two factors are crimping demand for goods and services at home, as well as foreign demand for exports.

This isn't a new story. The Japanese economy has barely budged...