Word: zaibatsu
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...control of the Korean peninsula at the end of the 19th century. After beating both countries on the battlefield, Japan made Korea a protectorate in 1905 before annexing it in 1910. The military had a dominant role from the start, running the country like a boot camp. Big business zaibatsu, or conglomerates, also became key players as Japan turned the colony into an industrial base, gearing up for war with China in the late 1930s. While some Koreans joined rebel groups, Japan's overwhelming grip on the country subdued most resistance. Some of the Elite openly collaborated with...
...calls his empire an Internet zaibatsu. It is a reference to the pre-World War II forerunners of a corporate form better known as keiretsu, those vertically integrated manufacturing and trading cartels that gave Japan Inc. its fearsome reputation in the 1980s. Son doesn't want to own his companies outright, or to run them. He aims to gain implicit control with a 20%-to-30% stake in each and to build a web of mutual cross-investments with sales, marketing and supply ties. "I want us to be No. 1 in every area," says Son. In five years...
...fashioned American free-market principles. But in 1966 virtually no one but Rozelle was thinking of pro sports as a seriously big business. The notion of pro football's "bargaining power" was patently absurd. Having formed his cartel, however, Rozelle managed it in much the same way the Japanese zaibatsu manage their cartels--with a view to market share (read: global domination...
Nothing is more objective than the new class of European and Japanese investors. What the Japanese are doing has very little relation to collecting as it was once understood. They are, quite simply, investment-buying on a huge scale, with limitless quantities of cheap credit: one zaibatsu offers open- ended loans of any size at 7% (3.5 points below the U.S. prime rate) to Japanese who want to buy Western...
JAPANESE. The economy is a mixture of capitalism and feudalism. Industry is almost entirely in private hands but is heavily cartelized and subject to government "administrative guidance." On the other hand, the zaibatsu (big capitalists) so strongly influence these decisions and get so many favors-such as light taxes and easy credit from state-connected banks-that it is hard to tell where industry ends and government begins...