It doesn't seem to have hurt Japan and I'm not sure it's the same. The train company doesn't own the entire town so it's not remotely the same as "company owned

It doesn't seem to have hurt Japan and I'm not sure it's the same. The train company doesn't own the entire town so it's not remotely the same as "company owned town". Even if the train station owns a grocery store there are 4 others in the same neighborhood run by other companies. Same with office buildings, apartments, etc....