ABSTRACT
Control by managers cannot simply be equated with the separation of ownership and management. Capitalist society is a system in which control is based on ownership. If corporate control by management workers, based not on ownership but on position and dominance, comes to prevail, it follows that the society can no longer be called a capitalist society. The large businesses in today’s Japan are controlled via the position and dominance of the management workers. Fujitsu and Toyota Motor Sales respectively are related companies of Fuji Electric and Toyota Motors, and as such their control is ultimately determined by how the parent companies are controlled. Because the trust banks exist as an integral part of the business groups, member firms of the groups have as a rule a larger share than life insurance companies do. Thus, the control by ownership has collapsed in contemporary Japanese big businesses. Control by position and dominance by managers or management workers has been firmly established.
