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Comment by Barrin92

8 months ago

>That it's considered an investment vehicle is downstream from the rising markets

That's not what its downstream from, that's restating the same thing in financial terms. What it's actually downstream from is that Japan is a fully urbanized society. The reason why Americans cannot implement this is because houses are their little homesteads and castles, Fukuyama used the term "suburban villager" for this attitude (also prevalent in Greece and Eastern Europe etc.)