Aren’t the Japanese conglomerates perpetually underperforming businesses that get away with it because Japanese shareholders are toothless?
Is this a bad or good thing for sustainability?
They'd even, in the longer run, be better for their own shareholders and their descendants.
Japan’s bubble resulted in deflation because a bunch of zombie firms spent decades paying down balance sheet debts rather than resolving things quickly through bankruptcy. And the Japanese keiretsu structure mostly disadvantages businesses outside of the massive conglomerates, particularly small and medium enterprises.
EDIT: here's a list - https://en.wikipedia.org/wiki/Siemens#Former_operations