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Japan suffered the double whammy of deflationary policy in concert with a governmental aversion to failure that sets its economic growth back immeasurably.
FORBES: The Myth About the Myth of Japan's Two Lost Decades
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But if dozens of the world's states are in some sense failed, and may well have a stake in covering up the failure of others, then help offered by yet more governments, or inter-governmental agencies, is unlikely to be a panacea.
ECONOMIST: Failed states
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As a result of the generations-long failure to maintain the highest educational and work standards, combined with high-minded governmental programs that, in practice, encourage laxity and dependence, we no longer manufacture the kind of highly crafted goods that come out of much less populous nations like Germany and Switzerland.
FORBES: The Crotty Plan: Cut 25% Off the Federal Budget Now