SIU YAT HIN
Professor Peter G. Prontzos
October 29, 2014
Asian Collectivism Obstructs Capitalism Principle in Economy
Capitalism is popular in North America, Europe and most of the developed countries, capitalization seems unstoppable and was carried across the world by broader processes of globalization such as imperialism and, by the end of the nineteenth century, became the dominant global economic system, in turn intensifying processes of economic and other globalization1.
Interestingly, from the various Asian Study courses, demonstrated that Asian countries have a variety of characteristic of the economic and political system. Such as
China has the ideologies from Communism, Socialism and Capitalism, for example,
China is under a single communist party government and since 1978 its Economic Reform promoted by Deng Xiaoping2, has crafted China’s economic structure into a rather capitalism idea. In fact, all Asian countries shared a common culture and one thing matter — the group concept, or can be called Collectivism. Adam Smith never outlined the group concept is a good thing for Capitalism, but only the self-interest. This drives to the question that is the Asian Collectivists violated the way that Capitalism supposed to be?
Following are some evidences from Japan society.
Japan during 1945-52, was the U.S. Occupation Era, a well-planned operation aimed at demilitarizing and democratizing Japan, after the Pacific War and Pearl Har1
Term Research Paper bour Incident of early Japan’s extreme Militarism, during the Occupation, the U.S. brought the one of the most early Capitalism ideology to Japan.3 Although the United
States has been described as the most successful capitalism country in the world, and directly guided Japan to the idea of Capitalism, but still there are many interventions from Japanese government or even instructions4. One example is a decade ago, Japanese government informed the