Tuesday, January 20, 2009

U.S. can learn from Japan's experience : Business : DAILY YOMIURI ONLINE

U.S. can learn from Japan's experience : Business : DAILY YOMIURI ONLINE (The Daily Yomiuri): "in practical terms, there is a role for the government to play. Put in academic terms, there is a need for what is known as welfare economics. I am afraid that the increased role the government would play in the operation of welfare economics is something that would not sit easily with most Americans, partly because of your historical background (in the end, your ancestors left Europe because they disliked government control) and partly because of your business-first culture."

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