Maybe Chaebol and Keiretsu might interest you. Also why Taiwan yet to be taken over by large business family?.

Excellent video once again. Thank you for sharing.

I have lived more than a decade in Japan and spent a bit of time looking into their history. You did a magnificent job with this overview of the rise and fall of the zaibatsu.

Very rare to find well researched info such as this, thank you!

@@Al-ng2wn Well their are plenty large family in Taiwan that gained overwhelming wealth during the Japanese colonial period, and the old family wealth distribution trusts called “ancestral worshipping committee”(祭祀公業) is still distributing massive wealth to the male descendent of the family, gained though their families mass assets, and due to the fact that the trusts was established during the Japanese colonial period(Japanese civil code at that time allows gender discrimination ), these Trust funds are still legally allowed to discriminate against their female family members to this day.

You would think many would notice this in their cable/ISPs and rail.

Crony Capitalism: A system in which denial is the second largest source of renewable energy.

New Deal Americans were a different breed from boomers

Really? Is it happening in the US? Can you draw a meaningful comparison between US oligarchies and the pre-WW2 oligarchies described here? Here's a hint: start with market capitalisation.

@@jordankidd4443 bro we are owned by a handful of companies.

The real question is why the family failed to employ their assets and instead blew asset bubbles.... Similarly - the Fed for the last 50 years...

@@phezzanfnord1089 because it's easier to blow bubbles than create value

@@phezzanfnord1089 short term gains

This is typically what happens. Unfortunately, there are greedy people even among those who aren't "rich" and they would rather demand that the government steal from private citizens instead of letting the inevitable over-extension by these companies/individuals happen.

Them eating themselves is just desserts

For me it's "My woman from Tokyo" turned up to 11.

Do you think things gonna be the same with "made in china"?

@@cozysummer possibly if the world continues to tolerate their stealing and copying technology.

Doc Brown is that you?

I give the Sony Walkman and Discman for example.

But it's not much of a problem given that Japan is a highly developed country with very little poverty and no starving sergs. They've industrialized and diversified. Now the issue is that the country is so developed people are no longer having kids and the population is becoming old.

@@mrb152 This is the government narrative but it is only true if you squint. There are a lot of starving and homeless people and even a surviving caste system or three. Rural areas are being torn down by companies and the government. It's not all rosey as the offical messaging states.

@@mrb152 like in the rest of the developed world old people have blocked promotioin and raises for the young stagnating wages in the prosute of higher profits. this has lead to young people largly not having the money to have kids. there fore they don't have kids. the schools also frown apon dating at a time when a lot of people meet the persont hey will marry, and drive them to spend their peak reproductive years living at work to the point they even have to sleep in the office.

❤thank you for explaining historical context to Japanese corporation's and development. I think you should make a video about it.

Yeah, I wouldn't blame not wanting to live in a country that's development hurts the working person on so many levels. Even if you do get the job, the comfortable life and the passive income, people still have to tolerate and live in their culture for that. Not to mention the labour practices.

this is because it was done for pragmatic reasons, due to the economic and social problems that the militaristic government had little problem identifying and little conflict of interest eradicating, as compared to the previous liberal and monarchist governments which had closer ties to the wealthy and personal stake in not solving these problems. it was not a revolution of people who felt that their hardships were from the elite class, those tend to be very bloody chaotic affairs. if the military govt. had not have done this, it's very possible japan could have had such a bloody lower-class revolution instead near the end or after the war.

I think there's an intereslng parallel between Japan's Breakup of Zaibatsu power and the UK's end to slavery. In the UK the Government compensated slave owners and traders when they outlawed slaving. Even my family was paid-out for the slaves they owned in Grenada and other parts of the Carribean. Fundamentally owning slaves for many owners was not motivated solely by racism, it was about controlling and exploiting labour for no impact on bottom line profitability. For the UK slave owners they didn't kick up and fight the government because their economic position and societal status was not changed. The same with how the Japanese managed the transition from the Zaibatsu conglomerate monopolies - compensation and respecting social position. Essentially because of both the UK and Japan's underlying social stratification and social hierarchy there was substantial social capital that the slave owners and the Zaibatsu families held, irrespective of the wealth. Compare this to the USA, where there was not a social status system underpinning the economics of aggregation of wealth. Any old poverty stricken nobody could go from ' Rags' to 'Riches' just with an idea or by going to a place and stealing land from Native American Tribes. The wealth and status of the slave owners was entirely dependent on the control and exploitation of slaves. No 'barons', No 'Lords', no 'earls', no long term intergenerational social capital to fall back on. It was a big contributor to the Civil War, both at the individual slave owner family level and at the Slave State political level. This is still true to this day. It's why wealthy Americans are so terrified of anti trust laws, government regulations and socialism. They violently resist any attempts at reducing wealth inequality because their only social status comes from money and accumulated capital. It's no surprise that the chief reason that the US Government is involved in so many countries through both direct intervention (invasions/war/world bank/IMF) and indirect (softer power influence - int'l taxation stuff/trade agreements/WTO/aggressive patent and copyright law) is because it is protecting the economic interests of American "entrepreneurs" and industrialists. These people, as Trump and his wealthy supporters proved, will turn against their fellow countrymen if there is any challenge to their wealth derived social status. Amazon, Microsoft and Facebook definitely need the Zaisbatsu treatment. Chinese Government is giving some 'guidance' to their tech giants at the moment.

Truly genius. Our only hope is that we can do this now to the oligarchs all over the world especially in the USA.

@@bisiilki ：Ｃhinese method as a guidance? why not New Deal-ism? There are plenty of ideas in American school of thought, a lot of history of left popularism. If these cannot be done, then how is it possible for US government to achieve that level concentration of political power? Trump? but Trumpism is more like Putin's crony capitalism. China has a "Red-Patrician" class. If you don't belong to them and show signs of defiance, then you have trouble. corruption is part of growth stratage, Xi's family is rich. not rich rich. Where do you got the ideal that China offer a model of socialism? even Marxism is banned. For the patrician class , and CCP grip to power, any form of democracy has to be banned.

Locked in cash during a hyper inflation hike. That is the catch that sort of made the government responsible for confiscating wealth. Could be fair if they were kept as gold or other value-retaining-low-growth assets.

It's like a forest fire. Occasionally you have to burn away the accumulated overgrowth in order to let new life and new diversity flourish.

Yup. Wealth inequality leads to envy and bitterness which then led to civil strife and revolutions. If you don't want communists to ran around the country, the rich have no choice but to agree to redistribution of wealth and property. Plus, when monopolies are gone, small businesses and competitors will pop up and give way to new opportunities.

Breaking up monopolies is supposed to be what a "real" capitalist economy would do, if I remember correctly.

@@albertalmodal4331 According to adam smith who was writing what he saw succesful economies doing, yes. The state in capitalism needs to break up monopolies as it is natural but detrimental for them to form.

Hmmmm...it is like supporting entrepreneurialism and small business is the real driver of a capitalist economy. And allowing oligopoly industries to bribe and influence government to reduce competition and gain special favor is actually not really capitalist, it is just plain corruption.

And once upon a time in the late 1980's, Nintendo had an actual monopoly on the video game market.

I worked for a gaming store for many years starting in 2004 and I can confirm your statements about Nintendo. At the time I wasn't aware of other major companies creating false demand through gimmicks. Nintendo also creates false shortages and puts a lot of effort into making sure the public believes there are shortages of new products. Then suddenly, at the last minute over the holidays, our stores would be flooded with their products. It seems many other large tech companies have learned to create false demand through gimmicks - namely Apple. I should add that the automotive industry is now doing the same thing. They have been claiming chip and vehicle shortages since 2020 as they desperately try to maintain inflated vehicle prices. In the meantime, there are reports of remote lots full of new cars due to overproduction and repos are at historic levels. The trick is to release inventory as slowly as possible to prevent prices from crashing. The same can be said of the residential real estate market in the USA. Again, just gimmicks by greedy corporations to squeeze every dime possible out of the working class.

@@baronvonslambert "It was on the Old Continent that the company experienced its first major successes at the end of the 1980s. In Japan, it was not a failure but the company did not carry much weight compared to Nintendo. We can say it today without detour: without England and France, the aura of SEGA would not have been the same" "If there is one generally known fact that is valid for the entire decade and a good part of the 1990s, it would be the following: microcomputers were much more successful than consoles as gaming machines in the most European countries. Although this statement cannot be generalized without a little research, it is certainly true for most large markets like Germany, France and the United Kingdom as well as smaller ones like Spain. or Italy. And this is also the case for a good part of Eastern European countries by definition because several of them did not officially discover consoles until the early 1990s." "Nintendo and SEGA, for example, could not then be considered strong brands in Europe because consumers were not familiar with these Japanese companies. Throughout the 1980s, they only achieved relatively low sales overall, even in countries in which their success was significant. SEGA was clearly a brand better known for their arcade machines and, as already mentioned, some of their computers which had reached Europe [Editor's note: Nintendo was best known for its Game & Watch]." The NES sold 8,56 Millions units in Europe (61,91 Millions worldwide ,34 Millions in North America ,19,35 Millions in Japan) while the Master System sold 6,8 Millions units in Europe (18 Millions worldwide ,8 Millions in Brasil ,2 Millions in the USA and 1 Million in Japan) The SNES sold 8,58 Millions in Europe (49,1 Millions worldwide, 23,35 Millions in North America, 17,17 Millions in Japan) while the Sega Genesis sold 6,9 Millions in the PAL Market (So Europe + other country like Australia ,Brasil etc ...) (39,7 Millions worldwide ,20 Millions in North America, 4,3 Millions in Japan) The N64 sold 6,75 Millions in Europe + Australia (32,93 Millions worldwide, 20,63 Millions in North America, 5,54 Millions in Japan) while the Sega Saturn sold 0,97 Million in Europe (9,5 Millions worldwide ,2,7 Millions in the USA ,5 Millions in Japan) The GCN sold 4,77 Millions in Europe (21,75 Millions worldwide, 12,94 Millions in USA + Canada, 4,04 Millions in Japan) while the Dreamcast sold 1,91 Million in Europe (8,06 Millions worldwide ,3,9 Millions in North America ,2,25 Millions in Japan) Nintendo still sold more than Sega in each generation of console in Europe .

Or like Apple and their stupid proprietary cables.

That's a ridiculous claim. That's just cherry-picking. There are many exceptions. In fact, there are more exceptions.

Japan had 250 years of no war- but because people were afraid to stand out because it was very traditionalist and absolutists. This also meant for no developments for 250 years until they were conquered- which then lead into all types of shake ups and… yeah 250 year old stuff being removed- what do you think would happen? “Hey let’s hunt with muskets and see how many deer we can bag- what’s that sound?” Twin mini guns mounted on helicopters winding up….

i agree Jonas, that really is a glaring oversight considering the direct influence and active participation then and now

You have companies like Sony, Toyota, and Panasonic that all formed right around WW2 (or earlier, but took off closer to / a little bit after WW2) that started from humble beginnings in the 20th century that fit with what he's described in this video, no?

what did you expect? this video is propaganda, of course they would leave out convenient facts

I agree. The 'Reverse Course' is very pertinent to this history and the reforming of the zaibatsu into keiretsu.

Ma man predicted all that during his days?

@@unknowninfinium4353 yea, but capitalism is good tho.

@@eridaskunt1856 Okay I gather you probably don't read so I'll keep this short. Marxism isn't dogma. It isn't a religion. It isn't "feels based politics". Marxism is a scientific explanation for why capitalism will, inevitably, begin consuming itself. To oversimplify: In capitalism, profit is all that matters. Stockholders require growth, or else their stock loses value and they lose money. A product cannot be innovated forever. Eventually, it will become so efficient that the only options left become dividing the product to sell each piece individually (See Apple removing functions of their smart phones to sell them separately at inflated prices) or to engage in labor violations (forced overtime, cutting employee benefits, lower pay). Eventually, this becomes a society-wide issue, as it is right now (for their time, French peasants in the 1700s were wealthier than most American workers today). These labor violations do two things: they cause further efficiency in the creation of products, but they destroy the consumer-classes ability to purchase. This is why the housing, vehicle and education markets are getting buttfucked right now. The consumers simply cannot possibly afford them. This means the only people engaging with the economy are now middle-class and wealthy people, which is an increasingly small number of Americans. I do not have to explain why 80% of a country being unable to meaningfully engage in capitalism is a death sentence for capitalism. Once this gets bad enough, poor people will begin killing wealthy people. I am not saying this is a good or bad thing. I'm saying it's AN INEVITABLE thing. This is all the more likely as capitalism is also uniquely responsible for the impending climate disasters. There will be climate rebellions, and a lot of wealthy people who enabled the polluting companies for their own pocketbooks will die. A cursory glance at history tells you this is inevitable, and it is because of this country's blind worship of capitalism. That is the hyper-simplified basis of Marxism. "Capitalism has inherent contradictions that will cause it to consume itself, and the result will be terrible violence."

@@YamiSilaas More generally, Marxism is the attempt to describe events/history through the lens of its participants' material conditions.

@@miguelzavaleta1911 Marx is flawed.

Greetings from Germany. After a war, there is always the question of "how do we win the peace". After WW2, humanity got it mostly right, and the conflicts were really over after 1945. Unlike WW1, where everything started again soon after. Or the middle east today, where peace is essentially a short timeout between two wars.

It helps to be flexible and undogmatic. Private property is not some sacred covenant with the creator.

@@tacticlol I think it is. But where private property is unjustly acquired, or unjustly kept, society must find ways to deal with it. But fundamentally, private property is a human right.

@@fusion9619 I agree, although Sumitomo, Mitsubishi & Kawasaki are still going strong.

@@prathameshdusane2619 Kawasaki and Mitsubishi are really good examples of companies that reformed their market and their image after a nasty period. Idk anything about the other one, though.

If Japan 'ate' their rich and came out stronger, why can't USA do the same ? The Jeff Bezos, the Elon Musks, the Bill gates, the George Soros, the Warren Buffets, all of them, must have all the wealth taken and re-distribute to all the Americans !

Yep, germany its the biggest eu economy because it specializes in medium size companies for specific products.

69th like

@@eddiemarohl5789 Now do 420 funny man.

Tragedy of the commons anyone?

@@santiagoperez2094 Except for the "defence" industry. Rheinmetall.

And the results was Manchuria producing only 2% as much iron as expected and the colony being a resource drain for its entire existence, as virtually all colonies where.

@@ZontarDow Do you have any citation for that? Japanese investment in Manchuria was extremely profitable from what I am aware of.

@@Rangerage Not that I can find easily, was 7 years ago I did a small project in college on the matter and had to compare the output that they got during the 1930s with what the projections where. However it being profitable would be shocking given just about the only colonies that where profitable where South Africa and a very small handful of others during the colonial period. Colonies in general are a drain.

@@ZontarDow spanish weren't

@@aaronhpa Actually the Spanish had one of the worst cases of it which is why their empire fell generations before WW2 did the British, French, Italians, Dutch, Belgians and Portuguese in.

Such a unique Japanese phenomenon. This certainly doesn't happen in Western countries at all. Western companies are definitely not owned by complex and opaque webs of investment management companies which are owned by wealthy families that trace back to medieval aristocracies.

@@1schwererziehbar1 Some do, especially the Swiss. Italian families have faded. Rothschild still have annual meeting. You can be expelled from the family if you don't attend the meeting. They will share their experience on business, life and everything on that meeting. So other family members can learn from mistake and success of others. They also have their own internal financial planning and capital/loan access to grow their family assets and business through internal lending to their own family members. They have the access to cheap credit but they have to return it to the family funds with low interest. Just to show their responsibility to other members. I'm not going into the conspiracy theory side because it's mainly BS. Since there were 2 world wars in Europe. It was harder for othe families in other European countries to maintain the business. Sweden had a chance, but 1970s socialist policies messed them up. Families had to give ownership to the union who couldn't manage business at all. Therefore triggering 1970s Nordic Stagflation. In America, Johnson family has similar gathering like Rothschild, but smaller. There are other families that are not on Forbes list, mainly because they will sue Forbes to keep them out of it. Stealth wealth is the best wealth.

I noticed sumitomo and a name Yamasa seems to transact a lot of houses in the US. Do you know any other family names that have grown like this?

@@KindaJadedish Asano family still have several foundations, Yasuda clan is still functioning, Furukawa is still there (5th generation head of the family had died in 2018, but his son Junichi took his place. His mother Noriko is the aunt of the current emperor) but some have changed their names to Nakagawa (common Japanese name), Ito family is still strong politically. The current diet member and former minister of defence Taro Kono is one of the grandchild of the main branch. but it's getting harder to identify them because many family branches from the original main branch have changed their family name to fly below the radar or due to marriage. And as you can see, they have managed to gain links to the Imperial and political families as well.

@@saltymonke3682 This begs me the question. How do you know all of this, how did u study?

Yeah. Japan did well post war with everyone working hard on a (more) level playing field. But it's difficult to claim high taxes were the cause of this when the county had just been literally levelled with firebombing and nukes!

many countries decided to go to war as the last resort before they become too poor to start a war. yes it is a huge gamble always been since ancient times.

Putin is now doing this to the Russian people.

Minamoto no Yoritomo founder of the kamakura shogunate

@@eldermoose7938 I ask around if someone wants some nice Recommendations, whetever it's about the Topi of Science or Atheism or Socialism or just the vague 'Concept' of 'Tackling Issues'.

@@loturzelrestaurant jeez, get over yourself

@@riks081 Do you sometimes stop, think for a second, and realize you shouldnt write something cause it would massively-embarass-yourself at least thx to the common sense rule ‚Rude=Ebarassing; Extra-Bonus is given if it’s your first-ever comment to someone’? At least?

@@loturzelrestaurant honestly your first comment was cringe and embarrassing.

Yep, it's like the idea that slavery and Jim Crow ended in the US. It just has a different name now.

@@kj_H65f what's it called now?

@@What-he5pr the republican party

@@AH-vc3hb oh no, please tell me how.

@@What-he5pr 13th amendment, 6th word And redlining

ukposts.info/have/v-deo/qGVyl22Yp5V-oo0.html

I saw it some years back and have practically forgotten all of it, thanks for reminding will watch it again.

I watched that... It was one of the few times that I forgot I was pedalling on an exercise bike for like an hour...

@@randomrandom316 tbh: first time I watched it, I felt enlightened. Just like after watching “The secret of Oz” by Bill Still (When I first learned that 99% of money is created as credit by banks). But 2nd time I watched “Princes of the Yen” I started to be confused: it’s like playing Victoria 2 - after you carefully constructed all your factories and production lines for 80 years you just switch to a libertarian party, and half your economy goes belly up, disrupting everything you had spent 80 years building: the whole premise of the video only makes sense as a switch of ideology - as if they really suddenly started believing that using window-guidance was wrong and thus had to be ended, because the wizards / princes who used it were going to die and did not trust anyone from the next generation to use it competently, and thus the steering of the ship had to be switched from careful manual steering to autopilot. Not seeing that capitalism on autopilot leads to disaster. I still don’t get it. What is the alternative why they did it? Central Bankers must be the steward of their economies - how could they just willfully produce boom and bust cycles? It also leads to a concentration of wealth: assets change hands for a dime on the dollar. How is the structure afterwards any better than before? Sure: assets end up with the strongest hands / the richest families with the deepest pockets, but how is that a better result than what they had with window-guidance? They wrecked their hand-woven economy for more globalization? I still don’t get it. Did they sell out to an international class of private bankers? Goldman Sachs all over again? That the US Empire and their tools at the IMF continue to work on world domination is expected, but why did the Central Bankers in Japan help? How is their loyalty not with their country but with all Central Bankers over the world? What are they the stewards of, aside from their own power? Power for what? What would you need a one world government for, if it’s not working for the people in the end anyway? Edit: I just rewatched it, and the “grab the central bank snakes by the head” images are really strong towards the end. I find it quite ironic, considering how their power applied correctly was shown to produce better living conditions and high equality in post-war Japan at the start. They could do good things with reasonable goals, but instead they fight an ideological war no matter the suffering for generations in between... - the most important question is: what is newly created money used for, how much is created, and who has the power: and by the end it’s all on its head: the power question dominates, the boom and bust are just means to get and keep the power, and the most important question: what it is used for in society seems no longer relevant. It’s perverted, rotten from the head. We need a reform of money creation. Money reform movements have sprung up in all countries, yet they are so weak.

lol, I did a ctrl-f to see if anyone mentioned it in the comments. Highly recommend the watch, it's easily searchable on UKposts.

The question is: Do you know much about your history?

@@danibot3000 I know my history pretty well. I've lived it. For the very early years I can ask my mother.

@@danibot3000 how is that relevant

Wonderful - that's nice to hear. Some people don't reflect on such, own, things and prefer looking at things in the outside. I just wanted to point in that direction in case you wondered - maybe a bit silly to this in a medium like this..

@@pjacobsen1000 《 The History of Peter Jacobsen: An Inner Retrospective Vol. 1》

I just wrote this exact argument too. I'm not against redistribution when it becomes absolutely necessary, but the problem is that "eating the rich" requires a government much more powerful than the rich, which will then go on to oppress the people just as the rich elite did before them.

But USSR being an brutal oppressive empire is totally not a problem..

@@noop9k An empire that was built and collapsed within a single human lifetime. Imperialism and capitalism might go hand in hand, but imperialism and communism do not.

@@Emidretrauqe Empire called Russia existed for about 300 years and only lost some of the colonies by now. Bolshevik regime fell because commie economy couldn't work without capitalists sponsoring it and Reagan put a stop to it. Chinese economy will collapse too as soon as the other countries stop pumping it with money.

Yep. As an extreme example, imagine 90 cents out of every dollar generated by a city's economy just goes into a bank account and sits there. There's very little left to spur spending, etc. That's the problem when you have very wealthy people who keep most of the profits and, instead of spending it, just put it in the bank. It's really bad for the economy.

So smart capitalism is the solution

Observations correct, conclusions less so. Wealth does not sit in a bank account, it is always lent out for economic purposes even if the owner does not wish it. Privately owned monopolies will always be more productive to society than state owned monopolies. Luxury good production will always be more beneficial economically than more national security, public services or social services. Those are all overhead to running our national enterprise and those cost should be kept to a bare minimum. More government spending is not better, its the exact opposite.

A timely point right now, right here in N. America and it's current "Supply Chain" and ongoing concentrations of extreme wealth.

That's why we need to incentivize productive investments and entrepreneurs. When government regulations throw off the risk-reward metric of entrepreneurs the result is for people to hoard wealth in the most liquid form. Liquidity and complex investments do not go together. If you try to tax this wealth rather than encourage spending it will simply look for an even more liquid offshore place to hide. There is no scenario where Bernie Sanders busts open the billionaire'ss banks and everyone gets to share the spoils.

And who do you think it was paying the government to make those beneficial decisions?

@@DragonSlayer6398 Please provide some source or piece of useful information. I'm not here to answer your silly questions.

If you look back a bit on who it was forming the gov't, and how the Zaibatsu had come about, basically it was a slightly opened-up ruling class protecting their own after the country did away with the rank of Daimyo. The Tokugawa leadership class (those nimble enough to adapt) were the class in charge under the Meiji. Zaibatsu had been based in specific fiefs, one per fief, run by Daimyo. Meiji opened that up to action on the national scene. The Daimyo had the habit of recruiting talented people from almost all class strata, which kept them from stagnating.

@@DragonSlayer6398 The point he is making is that government restrictions are used to create most monopolies. It is very rare for a monopoly to form without government regulations being involved. There is really only one situation where that can happen, some types of businesses become more efficient the bigger they are and eventually one company becomes so much cheaper and better than all of their competitors that all of the competitors pretty much die out. Amazon is a good example, nobody wants to pay an extra $20 in shipping and wait an extra week to buy off of another site when Amazon can deliver it for free the same day it is ordered. Those types of monopolies are not really a big problem in the same way that government supported monopolies are. Government created monopolies like internet and cell companies in Canada suck because they can charge as much as they want and don't have to worry about being efficient because nobody else is allowed to compete with them due to government restrictions. The you end up paying $300 a month for a cell phone plan with 1GB of internet because you need a cell phone and there are no other companies. When you compare that with a "natural" monopoly where one business is just better than all of the others you can see how one is more problematic than the other. Obviously the company supports politicians or does other shady stuff to get the laws passed by the government, but that doesn't change the fact that it is a natural result of government regulation. Recently some state government (backed by John Deere) was trying to get regulations passed to ban other companies from repairing tractors so farmer would be stuck overpaying the manufacturer to fix it instead. Usually these types of regulations are pretty popular with most voters because they are pitched in a way that makes it sound good for people by the government, and people are generally ignorant, sometimes they will play on peoples spite towards large companies and pitch them that way. Instead of saying "we want to extort farmers" they will talk about "dangerous" shady third party repair places that will destroy your equipment, or crazy farmers supercharging their tractors with parts that increase emissions and destroy the environment. Then most voters think that sounds good and the regulations pass. Or Sherwin-Williams invests to produce paint that doesn't contain VOCs before any other company and then lobbying the government to ban paint with VOCs "for peoples health". Then the government says the big mean companies want to put poisonous VOCs in your paint and they are here to protect you and you go overpay 90$ for your next gallon of paint at Sherwin-Williams because no other store has that product yet. A lot of the time it isn't even corruption and the government gets nothing out of it. Most politicians are about 90 years old and dont know how to send an email. It isn't hard to convince them of pretty much anything.

​@DragonSlayer6398 Business men making political donations is inevitable. It's the politicians' responsibility to not allow that to influence their decisions

similar to what china is doing, they have big state owned companies and they have public companies runned by ccp agents. the communist party gathers wealth from investments and sales all around the world but have tight control over expenditure. as such money availae in the market became scarce and econimies outside china suffers. they are now hoarding raw materials with the money they have gathered. more big companies will eventually suffer and be forced to sell to chinese owned corporates like what we have seen with many once famous and top corporates. wont be far from the day everything is produced and owned by china.

The model being followed here is the model of Nazi Germany and fascist Italy. That was their main proposal. Dismantle the globalist capitalists and regulate those businesses to promote only the good of the country.

Yep this You wont ever see any new players getting big in Japanese market at all Its all rigged in there no wonder their tech growth is stagnated unlike korea,China

Japan's CEO to employee compensation ratio is still ten times lower than the United States while going back and forth with China as the second or third largest economy in the world

Japan's off-book compensation is way different though. Like for many companies even organize which apartment their employees live in. And for CEO's this can mean company private jets for personal travel etc.

@@shazmosushi You don't think large-cap American companies also do that for their CEOs on top of the tenfold compensation? 'Cause they do.

@@metagde6402 S Korea is likely to reach the same point. Imo, only advantage they have is willingness to shift to paperless work and good UX/UI design in most of the software they use and in their websites. Also, corporate boards are more receptive to customer base criticisms. Most companies in Japan are unproductive because they do or have the opposite. Japanese websites and UIs in hightech machines are generally stuck in the 2000's in terms of design. You'd think this won't do harm. If you look at their tech, they don't have good user-friendly tech made by them. So they don't export their tech when they're supposed to be up there in terms of hightechness. Add the fact that their bureaucracy has so much bottleneck, and it's a recipe for stagnation. They're not innovating in the right places, at least South Korea does that, but Korea has a different set of problems, related to unemployment and labor rights. Things have been escalating in that area over recent years, and if Moon doesn't deliver which he won't, it will only get even worse over time.

Actually it’s out of context- there’s a video ‘bushito of Japan’ or ‘should we save bushito’ you can probably find it faster because I’m at work. Japan had 250 years of no war- but because people were afraid to stand out because it was very traditionalist and absolutists. This also meant for no developments for 250 years until they were conquered- which then lead into all types of shake ups and… yeah 250 year old stuff being removed- what do you think would happen? “Hey let’s hunt with muskets and see how many deer we can bag- what’s that sound?” Twin mini guns mounted on helicopters winding up….

It was not the case that we sponsored it as much as it is that we punished the families who had owned it and used it to wage war against us. There's a difference.

It's also messed up that the US utilizes 3-4% of it's land, but land is still unaffordable. I got that figure from a Google search, so if it's wrong, blame the gewgol.

@@josephdestaubin7426 From what I've read on this matter, SCAP very intentionally supported the reforms, to abate marxist sentiment in Japan. In Latin America, these reforms never took place, and were actively fought against by the US backed oligarchs. Which would partially explain, why Latin America is still to this day, so sympathetic to socialist/marxist ideals. The people want to break up the control of the oligarchs and have some economic prospects.

US: Say it with me, *inhales*, COMMIEESSSSS

@@fusion9619 it’s misleading, far more nuanced and complex.

They were pretty fat, and as we can see, there was enough to feed a nation.

Yes but they got hungry again an hour later

That would just be a fixed pie fallacy...

Slight misconception... 1% of the WORLDS population controls 50 of the worlds wealth...

... and I like their tires.

The brake system on my 1992 GT-R is from Sumitomo lol.

Dunlop's Asian motorcycle tires are made by sumitomo, mind blown!

The last samurai is not an accurate history movie.

@@23Lgirl putting it mildly...

It was filmed back in 1870s what u mean it's a historical? Was a live documentary smh ... Kennedy in 1955 is quoted to have said "The Last Samurai is my favorite Historical Artifact from pre war Japan." Later they re released this epic historical record using modern digital image editing to add full colorization and to brush the central characters face to look like Tom Cruise. This was done by Hollywood in a Joint Effort with Japan's imperial family (who own the rights to the original document). This was done both to mainstream acceptance of Japanese culture, and to help fund Palace renovations, as well as to help Restore an abandoned temple at the foot of Mt Fuji. One interesting piece of trivia is that most of the original footage was allegedly filmed by the great grand father of Lebron James. As taking footage during war time was considered a risky business, Hollywood decided to use recently freed slaves with minimal training instead of well trained and professional Jewish filmographers. This unconventional choice went a long way to racially integrating the social and cultural institutions of Las Angeles. The Director of this amazing film (original footage) was none other than the Father of George Patton. He taught his son much of what he learned from the Japanese, most notably in the Arts of War.

@@tasunkewitka8769 this has me dying right now hahahahah.

@@horelpit7 happy to help!

The early corporations in western history were chartered for only a limited time and not intended to exist in perpetuity like today's. They were meant to fulfill a certain objective that required a lot of capital to undertake, then have the profits distributed and the assets liquidated once the charter was complete.

The first corporations came from many city charters, and it was only by the will of the people that they were given the power that they had.

Corporation and Capitalism are not the same, you are confusing the terms.

The corporations are the government in North America. To actually change things you would have to destroy how modern politics works and eliminate any and all electoral rules that get in the way of proportional representation for each area.

capitalism is always beneficial

depending how long it took him to read a few wiki articles and read two general history books on japan. I'd say 2 weeks maximum

@@max4750 🤔 I wonder, but you assert to know… Tell me do you publish?

Is that a game?

@@antpoo yes

Computer games are great tools for learning history. I learned a lot from Age of Empires.

@@fanllawf I learnt a lot about trade and war from that game also, including the ancient ppls.

hahah my freind plays that all the time :)

there's no difference. rich people love monopolies. the end goal of any capitalist is to monopolize as much as possible. do you eating eating the rich literally means cooking them for dinner?

@@Skyfoogle , no, when the US broke up the trusts they did not confiscate weath. The rich had the same amount of money after, as before. They simply had their monopolies broken up and could only keep one of their parcels. Eating the rich usually means taxing or transferring their wealth to others. Very different.

Actually that’s because it’s missing context Japan had 250 years of no war- but because people were afraid to stand out because it was very traditionalist and absolutists. This also meant for no developments for 250 years until they were conquered- which then lead into all types of shake ups and… yeah 250 year old stuff being removed- what do you think would happen? “Hey let’s hunt with muskets and see how many deer we can bag- what’s that sound?” Twin mini guns mounted on helicopters winding up…. So yeah if you teleport a nation 250 years into the future and then remove 250 year old businesses with new ones you do get good results… until you get WW2 happening because that’s what the government was pushing for

SK doesn't really have resources to fall back on and Japan profited a lot from high tech industry that's waned now. But SK does have a huge corruption issue and always has

Imagine if England Industrialized during the 1400s!!! We would be so advanced! Space colonies in the 1800s!!!!!!

Thanks for the tip.

Nope, I like the static pictures !, Makes me focus more on the narration and eggs me to listen more attentively. Which I think is more important than distractingly moving pictures.

Already by the 1920s was Japan outcompeting Britain and America in certain economic sectors (innovation, market prices). Then, the 1929 crash happened and followed with the "ABCD" countries turning to protectionism, essentially dooming Japanese growth. The imperialist "Co-prosperity sphere" was not only seeking resource extraction, but to penetrade literal barriers at the behest of Japanese export-industrial interests.

​@@c.m.bellman5721👍

South Korea is a good example of an export oriented industrialist economy that still maintained their Zaibatsu (chaebols).

get me out of here 😩 I'm aware

Indoctrination is a helluva jesus.. drug I mean. The age of conservatism is easy to indoctrinate people into nationalism and obeying, all countries in general have this behavior, even asians, doesnt really require "religion", only requires its behavior that comes from religion.

We’re aware that’s it’s the greatest.

Yeah, this exactly. It’s as if the whole-ass war that happened is being ignored.

@Jo Actually yeah this is accurate. But comparatively the video’s point is far more dumbfounding. I would have sworn this was a Socialist channel and not an Asia focused channel but it seems to be the latter. People seem to think Zaibatsus don’t exist anymore; they do. They’re just smaller. But despite us supposedly eating the rich our country is still super capitalist in culture lol. I think it’s the 70s/80s bubble that did that.

Yea seriously there was a luck friggin more that happened post war. I mean virtually every democracy supported by the US post war became wealthy within a few decades. South Korea actually was poorer than North Korea but now it’s one of the richest economies in the world.

@@mrb152 The US made them modern world, if not for them you all still be poor. even the USSR are saved be the US number of times after the war.

This video also completely ignores that Nazi Germany and fascist Japan both used the "Eat the rich globalists" to gain control of previously independent private industries and direct their money and objectives into the political objectives of their ruling parties- both of which were exceptionally psychotic and murderous. I honestly expected this to be a warning message and lol'd at this video's idiotic conclusion. This kid might want to go back and read the 1940s section of his history book. He must have skipped that part.