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> The Japanese Fifth Generation project was a collaborative effort of the Japanese computer industry coordinated by the Japanese Government > In a sense, Japan
by SSJPython 2y ago
> The Japanese Fifth Generation project was a collaborative effort of the Japanese computer industry coordinated by the Japanese Government
> In a sense, Japan's ability to stay the course in pursuit of a long-term payoff-- usually considered one of the country's strongest assets-- turned into a liability.
Japan is an expert at public-private partnerships. Their entire economic development story was based on the government and private enterprises working together. They didn't take an ideological approach to development. They ignored both the neoliberal route and the socialist route.
- bobthepanda 2y agoWell, they’re certainly very good at favoritism, which is basically what the keiretsu-led model ended up being. And favoritism and picking winners only really works as long as you’re able to pick the right winners. This model works well to supercharge initial growth if done correctly, but eventually you can’t really become richer through exports alone and have to pivot towards more consumption, which can be difficult to pull off.
- 082349872349872 2y agocome to think of it, early ARPA was pretty much about picking the right winners