Talk:Zaibatsu

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I think that it would be much more informing if the article's last sentence, "Since World War II, [the term zaibatsu] has been replaced by keiretsu (系列), meaning 'series' or 'subsidiary,'" were replaced by a blurb explaining the transition in terminology, which was by no means an arbitrary one.

The zaibatsu were technically dissolved by reformers during the Allied occupation of Japan. Their controlling families' assests seized; holding companies, the previous 'heads' of the zaibatsu conglomorates, eliminated; and interlocking directorships, essential to the old system of inter-company coordination, were outlawed. Even so, complete dissolution of the zaibatsu was never achieved by Allied reformers/SCAP, in part because the Zeitgeist of the time supported such conglomorates; they were widely considered beneficial. The opinions of the Japanese public, zaibatsu workers and management, and the entrenched bureaucraucy regarding plans for zaibtsu break-up ranged from unenthusiastic to dissaproving. Additionally, the changing politics of the Occupation during the reverse course served as a crippling, if not terminal roadblock to intentions of zaibatsu elimination. The keiretsu remained fundamentally correlative to the old zaibatsu, but the old "mechanisms of financial and administrative control" were destroyed (Allinson 75). Despite the abscense of an actualized sweeping change to the existence of large, industrial conglomerates in Japan, the zaibatsu's previous vertical chain of command, ending with a single family, was displaced by the horizontal relationships of association and coordination now characteristc of the keiretsu -- an important difference. The Japanese term, keiretsu (系列), could be interpreted as being suggestive of this difference.

Please check out Gary D. Allinson's "Japan's Postwar History" (ISBN 0-8014-3312-6) for a nice, informative, light read on, well, Japan's Postwar history.

"Suzuki" is listed as a bankrupt zaibatsu, but it's linked to the article "Sojitz", where Suzuki isn't even mentioned. Can anyone explain, please? 84.190.214.185 06:26, 18 December 2006 (UTC)[reply]

Not property. 財 means wealth, valuables, or riches and 閥 means a powerful and influential group. 199.117.69.8 (talk) 19:42, 25 April 2009 (UTC)[reply]