4 ms·
This feels like the hallmarks of a system that over values 'hard work' but doesn't value entrepreneurship or risk taking. Corporate rent seeking is proper up b
by Psillisp 5y ago
This feels like the hallmarks of a system that over values 'hard work' but doesn't value entrepreneurship or risk taking.
Corporate rent seeking is proper up by a strong welfare state.
"Herein lies the unique twist that Piketty’s theory takes on in Japan: the disparity is not so much between the super-rich and everyone else, but between large corporations, which can retain earnings and accumulate capital, and the individuals who are being squeezed in the process."
https://www.weforum.org/agenda/2015/03/why-inequality-is-different-in-japan/ https://www.weforum.org/agenda/2015/03/why-inequality-is-dif...