> Even a country like Germany, which matches Japan in its depth of high-precision firms, has nothing like Japan’s corporate diversification. Only a few large co

> Even a country like Germany, which matches Japan in its depth of high-precision firms, has nothing like Japan’s corporate diversification. Only a few large conglomerates, like Siemens, have anything approaching the lateral breadth of the Japanese firm. Oh we had that level of conglomerates. Deutsche Bank and Allianz as capital providers, Siemens, AEG, Thyssen, Krupp, Mannesmann and a bunch of others formed the so-called "Deutschland AG" [1] - a web of interconnected very large companies, that also had very good ties to politics. It was a better time. [1] https://de.wikipedia.org/wiki/Deutschland_AG https://de.wikipedia.org/wiki/Deutschland_AG