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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (24639)10/19/2004 6:04:15 AM
From: KyrosLRead Replies (1) of 306849
 
My impression is that Japan's internal goods and services markets are hardly free. Competition is encouraged and guided by their ministries, but only in their export markets -- less than a fifth of their economy. Japan's domestic markets are riddled with regulations, banking practices, and in general state interference that ensure the survival of established businesses and impede entry into the market of "outsiders," in favor of social stability. There has been some liberalization in these crony capitalist/social stability policies in the last few years, but I still think that the US is far more capitalist than Japan.
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