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oligopoly |
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The problem with this expanded property creation scheme, he (rather lamely) suggests, is that the property being created is gobbled up by a few rapacious oligopolists. Encarnation and Mason acknowledge the utility of foreign pressure, from multinational corporations (MNCs), such as IBM and Coca Cola, rather than from the American government, but add that, "according to our several case studies, the Japanese state seldom reacted to the direct pressure of American MNCs but responded instead to foreign pressures aggressively mediated by those Japanese oligopolists who typically sought the assets and skills that foreign firms controlled. When forced to take sides in the civil war, most merchant oligopolists of the Merchant Venturers Society favored the King, many shopkeepers and craftsmen favored Parliament. |
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