Structural Changes in Japanese Capitalism

Makoto Itoh
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Makoto Itoh: University of Tokyo

Chapter 8 in The World Economic Crisis and Japanese Capitalism, 1990, pp 180-198 from Palgrave Macmillan

Abstract: Abstract Just as the wide-ranging unevenness and imbalance between the North and South, as well as among various countries in each global region, intensify in the process of the current great depression, the restructuring of the Japanese economy is giving quite a different influence to its components or classes. If we conventionally divide the major components of a national economy into capitalist firms, workers, and the state, it is clearly the firms as a whole among these three that have gained most through the economic crisis, by recovering and then improving their financial position. Landed proprietors, especially of the metropolitan areas, who often overlap with capitalist firms, have also become much wealthier, due to the enormous increase in the price of land. In contrast, the burden of the great depression has been shifted more and more on to the shoulders of working people by weakening the social power of trade unions. The deepening financial crisis of the states also conspicuous and is being utilised in breaking down the social positions of workers.

Keywords: Real Wage; Liberal Democratic Party; Regular Worker; Tertiary Industry; High Economic Growth (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-21084-8_8

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DOI: 10.1007/978-1-349-21084-8_8

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