This meant that a capitalist employing labour could thus make greater profits from the employment of that labour.

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Many Westerners believe Japan has no choice but to convert to a market-based capitalist system, one which allocates resources to maximize efficiency, consumer welfare and profits.

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The other alternative is that the capitalist sees that the labour is now more productive, that he can make greater profits from employing it.

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Your major concern is that the venture capitalist does not have his own money at risk, because we are entitled to 20% of the profits after the limited partners have recouped their investment.

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There has to be some understanding that these are profits created by government guarantees and government intervention rather than created by the normal risk-taking behavior of capitalist firms.

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