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These companies are informally known as Zaibatsu[1] - massive vertically integrated conglomerates. They produce literally everything they need to sustain thems
by dfex 3y ago
These companies are informally known as Zaibatsu[1] - massive vertically integrated conglomerates. They produce literally everything they need to sustain themselves, so you'll find them running (say) an outsourced IT services business that services all their business units (from Car manufacturing, Aerospace to Restaurant chains) as they often avoid doing business with each other if possible.
[1] https://en.wikipedia.org/wiki/Zaibatsu https://en.wikipedia.org/wiki/Zaibatsu
- Dalewyn 3y ago>as they often avoid doing business with each other if possible. That culture is actually starting to change, because that domestic rivalry/hostility has been the chief reason Japan lost the competition against American, South Korean, Taiwanese, and Chinese manufacturers in recent decades. Can't fight on the world stage if you're busy fighting each other on home turf, y'know?