I wonder if Britain had similar issues when the prices of manufactured goods were dropping rapidly in the early 19th century? (See The Economy of Machinery and Manufactures by Charles Babbage. Yes, that Charles Babbage.)

Originally shared by Singularity Hub

“The issue, they say, is that Japan finds itself in the grips of a perfect, tech-generated storm. A situation made worse by central institutions failing to fully appreciate the magnitude of what is happening.” http://suhub.co/2peQNsq