The Fate of Corporate Capitalism: History and Overview

Hiroshi Okumura

Japanese Economy, 1996, vol. 24, issue 5, 71-94

Abstract: Immediately after Japan was defeated in World War II and the United States began occupying it, the dissolution of the zaibatsu took place. The basic objective of the zaibatsu dissolution was to eliminate the family control of giant corporations in Japan. This action stemmed from the perception that the zaibatsu were controlling giant corporations based on a feudal family system and that their control led Japan into war.

Date: 1996
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DOI: 10.2753/JES1097-203X240571

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