Doug Henwood <dhenwood at panix.com> wrote:
> Bank-centered systems, paradigmatically the German, are more
> stable and more amenable to political pressure to be a bit friendlier
> to labor.
BTW, does anyone know of a good clear book that defends the economic virtues of bank-centered systems as against the American model? I figure one must have been written back in the early 80's when it was thought they were going to bury us. But clearly some Asians still think the model is a good one no matter what we say, and I was wondering if anyone has made an attempt to take their claims seriously rather than just dismiss it as deluded cronyism.
Michael
__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com
"Some one has observed that Providence is always on the side of the big dividends," remarked Reginald.
The Duchess ate her anchovy in a shocked manner, she was sufficiently old-fashioned to dislike irreverence towards dividends.
_Reginald_ (1904) `Reginald at the Carlton' (Saki) __________________________________________________________________________