business

Itochu to take entire stake in FamilyMart

5 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© KYODO

©2020 GPlusMedia Inc.

5 Comments
Login to comment

The agricultural cooperatives, known as JA, plan to sell farm products at the around 16,000 FamilyMart outlets in the country.

Please push JA to expand their repertoire.

1 ( +1 / -0 )

Heard that some Lawson's with big car parks will have farmer market stalls a few times a week.

2 ( +2 / -0 )

Potentially scary.

Following the lead of the Walmartization of America, small to midsize businesses in Japan are taking a disproportional hit from the policies imposed to fight the bug. They don't have the financial reserves to see them though extended lockdowns, and the larger corporations get the lion's share of the government bail-outs, by design.

Like the U.S. and China, the corporate nation-state, though showing many faces, is a single entity.

And with the resurgence and return of the zaibatsu of old, comes the dysfunctions of hierarchical concentrations of power and their zero-sum games.

It is the front-line working class who always loses.

4 ( +4 / -0 )

Like the U.S. and China, the corporate nation-state, though showing many faces, is a single entity.

In the case of the US, Corporate America is binded to the nation because of the USD global supremacy and Federal Reserve/US Treasury. As long as the USD is all-powerful and Federal Reserve/US Treasury controls world finances, Corporate America is attached with the interests of the US for eternity. With such an exorbitant privilege of USD, The US can infinitely abuse the power to make its people better off than anyone in the world. Corporate America and the US are symbiotic to each other. However, Corporate America relies more on the US itself, so the image of a corporate state is half-fitting.

In the case of China, it is definitely not the case for a corporate nation-state. It is purely a National Communist state (Nazi Germany example). The Chinese Communist Party controls all private enterprises and the total economy. Unlike the US, the CCP values stability more important than anything, similar to LDP Japan. Except the CCP is even more extreme and having more economic ammos to sustain national stability better than Japan. China is not a corporate state nor a communist state, it is a fascist state.

Following the lead of the Walmartization of America, small to midsize businesses in Japan are taking a disproportional hit from the policies imposed to fight the bug. They don't have the financial reserves to see them though extended lockdowns, and the larger corporations get the lion's share of the government bail-outs, by design.

That's what the master plan of LDP cronies for a long time. Trickle down economics. However, the Japanese elites and people won't benefit the most from all of these trickle down economics. Foreign investors will dominate Japan utterly in the future. China, the US and EU will be biggest winners.

And with the resurgence and return of the zaibatsu of old, comes the dysfunctions of hierarchical concentrations of power and their zero-sum games.

Hell, no. Conglomerate model was killed in the West during 1980s for its notorious inefficiencies. Japan got the taste of their failures during 1990s with the bubble collapse. South Korea experienced the same thing in the Asian Financial Crisis of 1997. The only wealth clique model that preserves the tests of time can only be found among ethnic Chinese communities of Southeast Asia and Vietnam. Simply, Yue Chinese and Vietnamese have maintained the wealth clan model for thousands of years and still live on. The secret of their successes is in how they well-adjusted to the Western financial models. Outsiders can join the family conglomerates, changes plus criticisms are valued and their children learn the best schools in the West and speak perfect English. Especially, they don't hold the arrogant mindset that Japanese oyajis have. More importantly, the conglomerate model here is very socially, nationally conscious. They do not think of zero-sum games. In case of Vietnam, the Communist Party holds an important role of keeping those conglomerates in-line to prevent social disorders or economic disorders.

Zaibatsus won't return to Japan hardly again. The rise of Western activist shareholders and breakdown of trade barriers between Japan and the world will dampen the abilities for these conglomerates to exert massive political-economic power ever again. Not to mention Yakuza is also on brink of death, Zaibatsus won't have their shadow enforcers if things go against the conglomerates. In the international world, conglomerate model is greatly outdated, so Japanese Zaibatsu model won't stand a chance in a globalized world. Unless you are China, Vietnam or Southeast Asian Chinese/Taiwan because these people know how to conglomerate.

It is the front-line working class who always loses.

This is true. In case of Japan, everyone in Japan will lose. From poor to rich, Japanese wealth decline happens at all levels for a long time.

1 ( +1 / -0 )

Upvoted, Xeno Man, for a much more nuanced and thoughtful analysis than my own.

I agree, 'Zaibatsu' was over-reach on my part. I was aiming for a more general take on human dynamics with that term, as with my simple analysis. Perhaps a combination of primatology (Frans de Waal) and Chomskian mind-set would have been a better paradigm for my take on things.

More simply put, history seems to show the world's only herding primate as periodically concentrating, and then dispersing anthropomorphic definitions of power. At the size of families or local communities, maybe around Dunbar's Number, such small number of individuals is within our cognitive capacity to depend on mutual recognition of each individual within the group, and therefore afford an empathy-driven morality.

But with herding sizes, behavior necessarily becomes rule-driven (traditions, laws, algorithms), and organization becomes necessarily hierarchical. When empathy is no longer the driver of morality or behavior, the small but persistent percentage of dark-triad' personality types become more salient ... the narcissists, machiavellian opportunists, and morphological psychopaths among us. They game the system even as they build it. Among many techniques they employ is to gaslight those who are still following empathetic values, and deliberately conflate 'authoritarian' with 'authoritative' post-hoc justifications for what they intend on doing regardless of reason, and eventually destroy that concentration of power through cannibalistic-sociopathic behavior ... much like the parable of the scorpion and the frog. And out of the scattered fragments, the next 'Tower of Babel' empire begins to arise anew. Wash, rinse, repeat.

My fear is that the political-economic policies (such as the original article refers) deal with local businesses and independent contractors in such a way as to accelerate the concentrations of power, in whatever form they may take, and repeat the same dynamics I described above.

Cheers, Xeno Man ... and thank you for an informative, nuanced, and civilized response.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites