Demise Of The Classless Society

Jon Woronoff

Chapter 10 in The Japanese Economic Crisis, 1996, pp 195-218 from Palgrave Macmillan

Abstract: Abstract Japan is truly a land of myths. Nice, comforting, heartwarming myths, many of them tied up with a dynamic economy that offered people opportunity and brought equality. For example, not so long ago, a worldwide bestseller explained that “even today if you come to Japan you can see that there is virtually no poverty as it is known elsewhere in the world. You will find a kind of egalitarian society rare in the world, which the Japanese people prize.”1 Even the fact that this was written by Akio Morita, chairman of one of Japan's biggest electronics firm, Sony, and a dollar millionaire many times over, did not keep the naive from oohing and aahing

Keywords: Middle Class; Initial Public Offering; Nominal Wage; Public Opinion Survey; Egalitarian Society (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37568-0_10

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DOI: 10.1057/9780230375680_10

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