The point being it's culture not economics. In fact Japanese generally make less money. IT salaries are in the $50k range. Minimum wage is $7.5 Yet they still go out.
[1]: https://www.numbeo.com/cost-of-living/compare_countries_resu...
Capital can be used to produce more capital, but you cannot produce more land, more electromagnetic spectrum, more orbitals, etc.
The housing crisis is a restriction on what activity are allowed on land, and incentive structure that prioritize hoarding of land over engaging in societal beneficial activities.
I suggest you read up Georgism, the tax ideology that had largely disappeared from political life in the west.
> even domain names,
With an alternative DNS root, you can have any domain name you like, except for legal constraints such as trademarks, defamation, obscenity, etc. The problem is none of the alternative roots ever took off, in part because the browser vendors didn’t want to get on-board (they saw it as a high risk low reward feature)-and alternative browsers offering that feature failed in the market. This really isn’t comparable to land, in that the scarcity isn’t imposed by the laws of nature or laws written by government, it is scarcity entailed by a (predominantly) private social arrangement where competing arrangements are permitted, but have thus far failed in the market.
> the orbitals in the sky
Orbit is huge and while it is getting more congested, I don’t think that congestion is (as yet) a significant barrier to new entrants. The primary barrier remains the launch costs. The governments of major spacefaring powers don’t see orbital slots as a revenue source, their regulation of them is purely about avoiding conflict, and the fees they charge are about recovering the cost of that regulation, not contributing to general revenue. Some equatorial states tried to claim geostationary orbit slots over their territory as part of their territory, in order to charge for access to them - but the claim failed because the major spacefaring states refused to accept it, and these states lacked the geopolitical power to compel anyone else to take this claim seriously-and, anyway, with the growth of LEO constellations, geostationary orbit arguably isn’t as economically important as it was when those claims were first asserted
Domain names are a good example, because as skissane said, you could just make another DNS root. The trouble is convincing people (browsers) to use it. The problem in attempting to overturn Facebook isn't mainly the coding, either, but having a critical mass care. Those barriers don't seem like absolutes the way land is; they're just very high, high enough for those who control them to extract economic rent.
Lots of examples in Latam as well.
Ever inflating house prices are caused by high demand and ease of access of debt. It predictably leads to endless price appreciation until you fill the bubble up enough to burst it, then we simply repeat again. Same thing happened to education. It's a 'commodity' seen as priceless and the government ensured access to endless debt to purchase it. You'll never guess what happened next.
[1] - https://blog.gaijinpot.com/what-is-the-average-salary-in-jap...
[2] - https://en.wikipedia.org/wiki/Personal_income_in_the_United_...
Housing in Japan is kept sensible in large part thanks to their land value tax for real estate.
No such mechanism happens in education, once you have your degree it is yours forever. There is no secondary market. If the value goes down, sure, other people will not pay as much for new degrees, but there's no direct connection between the market value and the tuition. There is no reinforcement loop.
It also has nothing to do with labor vs capital. Billionaires don't invest (much) in housing. Sometimes they do invest in commercial real estate, but never into housing. It's the middle class who buys up everything - now almost exclusively in cash - and then won't leave those houses till death, as Silent generation currently dies.
There's dirt cheap housing in some very rural places and impossibly expensive housing in several of the major population centers where most people actually live.
What's their healthcare like? If something bad happens, do they need to rely on savings to pull through, or does their society have stronger social safety nets that allow them to spend their money with less concern?
It's not really about safety nets since most people don't discount (or account) for them (they're in the future). It's about disposable income, and for huge numbers of Americans, that's in short supply due to the exorbitant cost of housing, college education and health insurance & care.
It's vastly cheaper to go out in Japan, even if there are more expensive options. Not many cheap hangout options in a lot of places.
In sparse areas, going to the same few options over and over again isn't fun, and they tend to be more expensive, maybe due to lack of competition.
A functional rail network allow the public to move with much less restraint. Think about it. A highly car dependent society which much of the world unfortunately still is, will make going to 3rd places much less attractive. Easier to sit at home, doom scroll and watch Netflix.
Inter city trains should run at least every half hour, reliably.
When I stayed in the US for a while, I'm from Germany, what I noticed was is that there's an extreme "upward striverism" when it comes to going out. In most places I stayed you could find dirt cheap bars and clubs (although maybe clubbing overall in the US is worse), but people in their 20s and 30s just seemed to be reluctant to go in a way they're not in Europe or Japan.
I noticed it more with Gen Z than with American millennials, there seems to be an extreme Great Gatsby-ish fake richness.
It’s an eventual conclusion of everything having cameras, and thinking of being caught in a TikTok drama. This also tracks how most of the kids nowadays want to become a YouTuber. Which is, basically, being their own brands.
On the other hand those kinds of bars tend to be pretty enjoyable in neighborhoods that are above poverty-stricken but not yet gentrified. Basically a working class neighborhood of old, which rarely exist anymore - or not for long.
I don't know of any other country were living in the burbs is desirable, everyone wants to be close to where the action and the businesses are.
There aren't natural places where you see the same people as the communities are very dispersed, with mostly single-family homes in large lots. So it takes a lot of effort not to be lonely. I've seen many people that moved here from other states/countries and now regret the decision as building community is incredibly hard.
Japan has a really bad drinking culture, or so I've been led to believe.
I just don't get this part in the article and GP. Everyone in the developed country has instant access to ice cream. We don't say "people manage to enjoy $ICE_CREAM despite disgusting abundance of cold desserts". More supply only drives consumption and accelerate consumerism.
And I'm replying here because I have relevant, though anecdotal, memory. Social media is detoxifying Japanese communication at an unbelievable pace over the past decade or two. Japanese lack of social skills and proficiency in verbal abuse used to be otherworldly. Little Sgt. Hartman was just ubiquitous. Not nearly as much as it used to be.
All while mobile televisions, gambling, pornography etc had grown massively, which implies, though not proves, causality. How is that relationship between those supposed to be a "despite"? It just doesn't make any sense. Doing more is learning more.
