The Concept of Capital-Control Complex (CCC): The Case of Japan

Abstract

To explain the social dynamics of accumulation regime changes, I suggest the concept of capital control complex (CCC) by combining a Gramscian perspective and Veblenean view of capital/ money. A tripod of historical bloc, ownership structure, and financial system, this concept offers a new framework for studying nationally specific corporate structures and financial systems. The rise and recent transformation of Japanese cross shareholding and J-type financial system are discussed as a case.

Keywords

capital-control complex cross-shareholding historical bloc keiretsu ownership structure national variety of capitalism

Get full access to this article

View all access options for this article.

References

Bisson, T. A. 1954. Zaibatsu dissolution in Japan. Los Angeles: University of California Press.

Cox, R. 1987. Production, power and world order: Social forces in the making of history. New York: Columbia University Press.

Dore, R. 1987. Taking Japan seriously: A Confucian perspective on leading economic issues. Stanford, CA: Stanford University Press.

Einzig, P. [1949] 1966. Primitive money: In its ethnological, historical and economic aspects. New York: Pergamon.

Fairris, D. 1999. Social structure of accumulation. In Encyclopedia of political economy, ed. P. A. O’Hara . London: Routledge.

Gerschenkron, A. 1966. Economic backwardness in historical perspective. Cambridge, MA: Harvard University Press.

Gill, S. 1990. American hegemony and the trilateral commissions. Cambridge: Cambridge University Press.

Grierson, P. 1977. The origins of money. London: Athlone Press.

Hashimoto, J. , and H. Takeda . 1992. Nihonkeizai no hatten to kigyoshudan. Tokyo: Tokyo University Press.

10.

Hintze, O. 1975. The historical essays of Otto Hintze, ed. F. Gilbert . London: Oxford University Press.

11.

Kim, C. 1991. Kundae ilbon kyongjesa (in Korean). Seoul: Beebong.

12.

Kobayashi, H. , T. Okazaki , S. Yonekura , and NHK . 1995. Nippon kabushikigaisha no shouwashi. Tokyo: Sokensha.

13.

Meinecke, F. 1957. Machiavellism: The doctrine of raison d’etat and its place in modern history. New York: Praeger.

14.

Nitzan, J. , and S. Bichler . 2002. The global political economy of Israel. London: Pluto.

15.

Noguchi, Y. 1995. 1940 nen taisei. Tokyo: Tokyo Keizai.

16.

Okabe, M. 2002. Cross shareholdings in Japan: A new unified perspective of the economic system. Cheltenham, UK: Edward Elgar.

17.

Okazaki, T. , and M. Okuno-Fujiwara , ed. 1999. The Japanese economic system and its historical origins. Oxford: Oxford University Press.

18.

Okumura, H. 1975. Hogin shihonshugi no kozo: Nihon no kabushikishoyu. Tokyo: Nihon Heironsha.

19.

Okumura, H. 2000. Corporate capitalism. London: Routledge.

20.

Pempel, T. J. 1998. Regime shift: Comparative dynamics of the Japanese political economy. Ithaca, NY: Cornell University Press.

21.

Pempel, T. J. 1999. Structural gaiatsu: International finance and political change in Japan. Comparative Political Studies 32 (8) (December): 907–932.

22.

Polanyi, K. [1957] 1968. The semantics of money uses. In Primitive, archaic and modern economies, ed. G. Dalton . New York: Doubleday.

23.

Portelli, H. 1972. Gramsci et le bloc historique. Paris: Presses Universitaires deFrance.

24.

Scott, J. P. 1997. Corporate business and capitalist classes. Oxford: Oxford University Press.

25.

Sraffa, P. 1960. Production of commodities by means of commodities: Prelude to a critique of economic theory. Cambridge: Cambridge University Press.

26.

Steedman, I. 1977. Marx after Sraffa. London: New Left Books.

27.

Suzuki, Y. 1987. The Japanese financial system. Oxford: Clarendon Press.

28.

Veblen, T. [1908a] 1919a. On the nature of capital I. In The place of science in modern civilization and other essays, by T. Veblen. New York: Huebscher.

29.

Veblen, T. [1908b] 1919b. On the nature of capital II. In The place of science in modern civilization and other essays, by T. Veblen. New York: Huebscher.

30.

Veblen, T. 1924. Absentee ownership: Business enterprises in recent times, the case of America. London: Transaction.

31.

Woo, J. 1991. Race to the swift: State and finance in Korean industrialization. New York: Columbia University Press.