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Alliance CapitalismThe Social Organization of Japanese Business$
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Michael Gerlach

Print publication date: 1997

Print ISBN-13: 9780520208896

Published to California Scholarship Online: May 2012

DOI: 10.1525/california/9780520208896.001.0001

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PRINTED FROM CALIFORNIA SCHOLARSHIP ONLINE (www.california.universitypressscholarship.com). (c) Copyright University of California Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CALSO for personal use.date: 03 June 2020

Rethink Market Capitalism

Rethink Market Capitalism

(p.39) Chapter II Rethink Market Capitalism
Alliance Capitalism

Michael L. Gerlach

University of California Press

This chapter examines the nature of capitalism in a subset of markets in Japan that involves the flow of capital which represents the lifeblood of business operations. It considers the operation of markets as they actually function in Japan and other real-world economic systems, focusing on the limits to impersonal exchange and the separation of social and economic spheres of life that underlie perfect competition. The chapter also analyzes the nature of capitalism as a pattern of higher-level control over market assets, over an economy's capital-allocation and corporate decision-making process.

Keywords:   capitalism, Japan, business operations, economic systems, perfect competition, capital-allocation, corporate decision making

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