I’d suggest reading into the Keiretsu Corporations that the US supported during the occupation era. In short, the US had a pretty big interest in creating a series of companies more powerful than the government (sound familiar), because they’d be more loyal to the US (AKA: “Capitalism, The Country”). Keiretsu follows some uniquely Japanese concepts like interdependence and societal betterment that you don’t really see affecting many western companies
Not necessarily although I hadn’t heard of Saudi Aramco until your comment.
In western terms, the Keiretsu combined vertical and horizontal integration; only a handful of companies owned almost every level of production and had “gentleman’s agreements” to avoid heavy competition with one-another. What makes the Keiretsu unique is that the companies were chosen and consolidated by the US government and structured to be sympathetic to America and unlikely to rebuild the Imperial Army. Former fighter plane manufacturers were made into electric keyboard makers, rifle companies became borers for motors for small cars, etc. It’s why you get scenarios like the OP meme
Remington makes bullets, knives, guns, razor blades, motors all sorta random crap. It’s a old company diversifying thing not a nation specific thing.
I’d suggest reading into the Keiretsu Corporations that the US supported during the occupation era. In short, the US had a pretty big interest in creating a series of companies more powerful than the government (sound familiar), because they’d be more loyal to the US (AKA: “Capitalism, The Country”). Keiretsu follows some uniquely Japanese concepts like interdependence and societal betterment that you don’t really see affecting many western companies
Are they anything like Saudi Aramco?
Not necessarily although I hadn’t heard of Saudi Aramco until your comment.
In western terms, the Keiretsu combined vertical and horizontal integration; only a handful of companies owned almost every level of production and had “gentleman’s agreements” to avoid heavy competition with one-another. What makes the Keiretsu unique is that the companies were chosen and consolidated by the US government and structured to be sympathetic to America and unlikely to rebuild the Imperial Army. Former fighter plane manufacturers were made into electric keyboard makers, rifle companies became borers for motors for small cars, etc. It’s why you get scenarios like the OP meme