Comment by getpost
8 months ago
I'm working on this[0] 2 hr 52 minute interview with Craig about his new book. He makes the point national health care is a big part of what makes this work. There is a safety net, so people are empowered to take more financial risks.
[0] https://podcasts.apple.com/us/podcast/the-rich-roll-podcast/...
Cheap housing surely also contributes. Iirc, apartments in most of Japan are incredibly cheap as a result of a diminishing population and National government level zoning reform.
Here in Australia, we have an incredibly robust system of Public Healthcare, just like japan, but taking financial risks is downright suicidal with our house prices.
Exactly this.