Doing Business in Japan (2014)
> The Japanese economy is roughly 1/3rd the public sector, 1/3rd low-productivity firms like restaurants or traditional craftsmen, and 1/3rd high-productivity household-name megacorps.Why are restaurants and traditional craftsmen considered “low-productivity?” That really strikes me as odd, I have the opposite connotation. I.e. the former being only sustainable as long as they serve a direct demand, while the latter spends most of the time for leviathan’s sake, and is more focused on generating demand (advertising budgets) than solving problems (leviathan can’t be sustained when there are no problems left).