tag:blogger.com,1999:blog-2207076947655236975.post5979416039103404185..comments2024-03-14T07:32:30.141+09:00Comments on Marketing Japan: More on Twenty Years of Failed Policiesmike in tokyo rogershttp://www.blogger.com/profile/04977446676243085409noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2207076947655236975.post-75305472485009810832010-10-13T20:15:34.633+09:002010-10-13T20:15:34.633+09:00Why do they copy failed policies? Why do they bai...Why do they copy failed policies? Why do they bail out incompetent managers from failed firms? Because the politicians benefit by doing so. They get bribes and kickbacks (aka campaign contributions) from the beneficieries of bailouts and TARP and stimulus spending. Plus, new regulations, combined with the prospect for future bailouts serve to increase political power of the party bosses. The polcies may not work as advertised, but they work as planned for the politicians.Andy "In Japan"https://www.blogger.com/profile/04505038501136945817noreply@blogger.com