The pace of the great changes of the era has already exceeded individual imagination.

CN
7 hours ago

Recent events in society have reminded me of several articles I wrote at the end of last year:

What Did Japan Experience During Economic Recession on November 25, 2025?

Using Japan as a Mirror: The Way Out for Ordinary People in Times of Economic Recession on November 26, 2025

Using Japan as a Mirror: What Can Ordinary People Do? on November 27, 2025

These articles mainly extracted several typical phenomena that occurred in Japan during the 30 years of recession, such as:

- Devaluation of educational qualifications

- Decline of the civil service examination craze

Additionally, the reason Japan was still able to sustain itself and maintain social stability during that painful time was partly due to its mature social security system, and partly due to the overseas expansion of enterprises and investment of funds abroad.

Especially the overseas investment of Japanese funds, which almost recreated a Japan abroad, allowing Japan to continuously support its domestic economy through external income.

Without such support and blooming outside the wall, it would have been very difficult for Japan to emerge from the painful 30 years.

Furthermore, an important condition that allowed Japan to carry out significant overseas investment was that the global environment at the time was friendly to Japan, and the world was willing to accept Japanese investments.

What recent events in society reminded me of these articles?

- Recently, the media's reporting on this college entrance examination has been much calmer. There has not been as much media coverage as in the past or even last year regarding the full support for the examination, students' fighting spirit, and social solidarity.

Has the excitement of passing the exam, which has rarely been overlooked for thousands of years, quietly faded for our generation?

- A few days ago, the CEO of a civil service examination coaching company was originally supposed to give a coaching lecture at a certain university, but while speaking, it turned into discouraging students from civil service exams, encouraging them to seek other paths.

Isn’t this just hitting oneself in the face, hitting one's own enterprise in the face?

What kind of psychological state would allow for such a speech?

I have never witnessed such a 180-degree turn in my life experience; it truly opened my eyes.

- The country recently severely punished three institutions that provided U.S. stock trading for mainland users at financial centers and introduced quite strict regulations on overseas investments.

I estimate that not many people have thoroughly read these regulations, and even for those who have, it may not be clear how these regulations will be specifically enforced.

However, the introduction of these measures will surely have a huge psychological impact on people.

During the journey to the west, the monk Tang Seng actually didn't recite the tightening spell much in the later stages, but having experienced the power of Sun Wukong, he became obedient without having to chant the spell.

- The highly anticipated Space X is about to ring the bell for IPO. At this world-attention moment, underwriter instructions cited relevant U.S. laws to actively block investors from mainland China and Hong Kong from participating in the IPO.

In response, there has been another voice domestically: This pitfall for mainland and Hong Kong investors in the Space X IPO should be avoided; let Americans and residents from other regions deal with this pitfall instead.

No matter what the real situation is, I believe this case will be continuously referenced in the IPOs of other sensitive high-tech companies in the future. A series of upcoming U.S. high-tech companies like Open AI, Anthropic, and others are likely to adopt similar measures.

If the restriction on participating in the IPO were the only impact, it would be limited, but the question is whether it will further expand into a prohibition on investing in any listed sensitive U.S. tech companies? ------------------ This is the question I am more concerned about.

The emergence of this situation has clearly demonstrated the future trend ------------- actions of large-scale overseas investments similar to those of Japan back in the day will face serious obstacles: going out will be subjected to strict regulation, and even if you get out, you may be strictly blocked.

- Recently, I saw some reports that the position of delivery workers is now already saturated, with supply far exceeding demand.

Regarding the future development trend of positions like the “iron triathlon,” I had previously predicted that supply exceeding demand would inevitably occur. I just didn’t expect it to come so quickly.

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