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Japanese privatization is an interesting phenomenon, where crony capitalism gives the corporations immense power, but simultaneously a huge responsibility act l
by sirmarksalot 8y ago
Japanese privatization is an interesting phenomenon, where crony capitalism gives the corporations immense power, but simultaneously a huge responsibility act like societal patriarchs. At least on the outside, a big corporation can't be seen as evil, and if they ever get caught betraying that trust, CEO suicides are not unheard of.
On the bright side, it means the train lines get built and the fares are kept reasonable, despite monopoly power. On the negative side, people tend to trust these companies way more than is healthy, and if you try to do something that you're legally entitled to, but that a company doesn't like, you generally won't get much sympathy when it doesn't work out.