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Stock Market Capitalism: Welfare CapitalismJapan and Germany versus the Anglo-Saxons$
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Ronald Dore

Print publication date: 2000

Print ISBN-13: 9780199240623

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199240623.001.0001

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Nice Guys Finish Last?

Nice Guys Finish Last?

(p.219) Chapter 11 Nice Guys Finish Last?
Stock Market Capitalism: Welfare Capitalism

Ronald Dore

Oxford University Press

This chapter argues that the changes central to the intentions of those so-called ‘reformers’ in Japan and Germany have a tendency to increase inequality and the ruthlessness of competition, destroy the patterns of cooperation on which social cohesion rests, and thus promise to degrade the quality of life. The chapter also addresses two questions: the realistic prospect question and the efficiency question. First: How are things likely to pan out in Japan and Germany? The second question considers a scenario wherein something catastrophic happens to the global system and there were to emerge a general consensus in either Japan or Germany that, in the interest of maintaining the quality of social and political life, marketization and financialization should be resisted.

Keywords:   Germany, Japan, marketization, financialization, reformers

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