Archived posting to the Leica Users Group, 1998/04/15
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]><<<< Japanese competitors are (often? Always?) unfair >> > >Would you expound on this. I do not understand. > >Tom Shea > By unfair I mean (but I only write a common evaluation of the japan economy made by many experts : "Japan, inc."): the financial system has allowed in the past, and still today, any investment planned by the big business(<italic>kiretsu : "network of companies organised aroud a major bank")</italic>). The japanese financial system is a cocktail of the french system of the fifties (public planification by the MITI) and of the german system (for the companies who own shares of stock in each other). The system is very efficient when aimed towards a target. For instance : destroy in the past the german photographic industry or the US car industry. In France the system has been inefficient because of the lack of good forecasting and marketing : the "Concorde" plane for instance. But Airbus is a success ! The system is unfair because the financial system (<italic>nervus belli) </italic>is controlled by a minority without regulation by a free market.If two economies trade each other, one with free financial markets (USA)and the other with a controlled financial system, I think that the competition is unfair : the standarts of profitability and for bankruptcy are not the same. Dominique Pellissier