(2012-10-30) Smith Japan Narcissism Consumerism End Of Growth

Charles Hugh Smith on Japan example of Narcissism, Consumerism, and the End Of Growth. What we're seeing in Japan is the confluence of three dynamics: definancialization, the demise of growth-positive demographics and the devolution of the consumerist model of endless "demand" and "Economic Growth ." Japan is the leading-edge of the crumbling model of advanced neoliberal capitalism: that consumerist excess creates wealth, prosperity and happiness.