Well, 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 w

Well, 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.