Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: bobkansas who wrote (49376)	3/19/2001 11:21:58 AM
From: Rock_nj	Respond to of 57584

Japan has a real problem with actually accepting the results of capitalism i.e. failure needs to be recognized as such rather then iqnored. You hit the nail right on the head. Japan needs to recognize that there are two sides to capitalism, success and failure. The way to deal with failure (i.e. banruptcies) is to let the failing enterprises go under and let their assets be recycled into the system, so that other enterprises can survive and prosper. It obviously something cultural, the Japanese can't accept failure and move on. They are trying to prop up their failing banks and are prolonging their economic pain as a result, instead of letting go of them and moving on. If they had dealt with their failing banks years ago, they'd probably be well on their way to recovery now.