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Japanese poor people do everything right - they get a job, avoid violence, don't do drugs, and don't have kids out… https://t.co/K2NAzejrLA
1/OK so people wanted a thread on how 2010s America is becoming 1990s Japan, so here we go. The most obvious simil… https://t.co/Les7I0Ssqm
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https://twitter.com/Noahpinion/status/1525991217149816832
https://twitter.com/Noahpinion/
Noah Smith 🐇🇺🇦 on Twitter: "Japanese poor people do everything right - they get a job, avoid violence, don't do drugs, and don't have kids out… https://t.co/K2NAzejrLA"
Noah Smith 🐇🇺🇦 on Twitter: "That NYT article about MMT was a master class in how NOT to write about macroeconomics. https://t.co/lzg0SE0bAI"
Noah Smith 🐇🇺🇦 on Twitter: "A Twitter tragedy in three acts: https://t.co/iYSXOFpvaZ"
Noah Smith 🐇🇺🇦 on Twitter: "1/OK so people wanted a thread on how 2010s America is becoming 1990s Japan, so here we go. The most obvious simil… https://t.co/Les7I0Ssqm"
Noah Smith 🐇🇺🇦 on Twitter: "Who is your favorite blogger named Paul?"
Noah Smith 🐇🇺🇦 on Twitter: "This anti-Abenomics editorial in the WSJ is self-refuting. Read the third paragraph. https://t.co/Nufgcy7KhM"
Noah Smith 🐇🇺🇦 on Twitter: "1/People call Japan a "high-trust society". Having lived here for a few years off and on, I can tell you that this is mostly false."
Noah Smith 🐇🇺🇦 on Twitter: "3/Now for anecdotes. Japan is absolutely full of visible and elaborate safeguards against theft, cheating, embezzlement, shirking, etc."
Noah Smith 🐇🇺🇦 on Twitter: "4/At cash registers, clerks have to call out when they receive a large bill (to avoid embezzlement). "I'm putting in a [$100]!", etc."
Noah Smith 🐇🇺🇦 on Twitter: "5/Clerks also count change visibly and loudly in front of the customer, to avoid accusations of shortchanging."
Noah Smith 🐇🇺🇦 on Twitter: "6/Offices in Japan are open-plan, with constant monitoring by bosses to prevent shirking (resulting in a lot of pointless busy-work)."
Noah Smith 🐇🇺🇦 on Twitter: "7/Everyone in Japan locks their doors all the time. Multiple deadbolts are common."
Noah Smith 🐇🇺🇦 on Twitter: "8/Japanese people rarely give money to beggars. When I asked why, I was told that beggars are often "faking" poverty or disability."
Noah Smith 🐇🇺🇦 on Twitter: "9/Business cards are ubiquitous, partly to avoid swindling. To rent an apartment you need a guarantor - a rich person or a corporation. Etc."
Noah Smith 🐇🇺🇦 on Twitter: "12/Conclusion: Ethnic homogeneity is not a big determinant of societal trust. Sorry, white nationalist types. Your worldview is *wrong*."
Noah Smith 🐇🇺🇦 on Twitter: "13/So what does create social trust? My guess: Strong institutions. A functional legal system and inclusive govt. and civic institutions."
Noah Smith 🐇🇺🇦 on Twitter: "14/If you can appeal to a fair legal system in case of a dispute, you don't need to take too many precautions against being swindled."
Noah Smith 🐇🇺🇦 on Twitter: "15/Inclusive institutions (democracy, civic organizations) give people a sense of aligned incentives. Everyone is a stakeholder in society."