Former Japan Government Officials Promoted AIJ to Pension Funds

Crony capitalism is one of the reasons for Japan's stagnant economy.

Their economic system is highly structured, and almost feudal in nature, organized around keiretsus. Crony capitalism in the States and the UK is more informal, gang-oriented, and fluid, more beneficial to a few powerful men than entire organizations.

But in both cases what makes it 'work' is the revolving door and mutually