Politics The government becomes enormous

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Politics
- Whether the government is in a "big government" or a "small government" position, no matter what policy choices it may make, the government will inevitably become huge. Tax increases? Cuts in welfare and services? Countries have no choice but to deal with the growing fiscal and debt burden. The leaders of fiscal reform, who are called upon by countries around the world to rebuild their finances, will be able to clarify the harsh reality that developed countries, including Japan, must face in the next 30 years. ■ The Financial Times' Best Economics Book, selected by Martin Wolf, Chief Economic Commentator, "Let us think in a quantitative manner, carefully, and sincerely", will be extremely insightful in considering not only fiscal issues but also the future of our economy. ■ This book is highly informative in that it will go beyond the ideological differences between "big government" and "small government" and present a fresh perspective from a global perspective when considering Japanese economic and fiscal issues. ■ Large fiscal spending has been expanded to improve the medical system and support individuals and businesses in response to the coronavirus crisis, and the finances of developed countries with already severe fiscal conditions continue to expand. Now, "small government" is just a dream. It is the path to the "Argentineization" of the debt crisis, high inflation, higher interest rates, and irresponsible fiscal spending expansion without taking unpopular policies such as tax increases and spending cuts because of low interest rates. ■ The features of this book are based on a wealth of data with extremely balanced and clear analyses and perspectives on important issues such as pensions, health care, nursing care, infrastructure development, inequality issues, education, employment security, and climate change issues, which are essential for predicting what the government should do in the future. ■ The claims are crisp and convincing. And it reveals that the biggest factor in the unavoidable government bloat is not in the fields of pensions, nursing care, education, employment, and climate change, but rather in the fields of artificial intelligence and IT. ■ In addition, the cause of the increase in medical spending is not an aging society, but rather in the fields of artificial intelligence and IT, and that large-scale technical unemployment does not occur. 2020