Social common capital … should not be influenced by market conditions as an object of profit pursuit.

Hirofumi Uzawa



The economist says that the natural environment such as water, atmosphere, forest and river, social infrastructure such as roads, transportation, water supply and electric power, and institutional capital such as education, medical treatment, judicial administration, administration, etc. are "social common capital" as underpinnings essential for everyone's life. So the management and administration should be entrusted in the form of "fiduciary" to an independent organization in which professional experts act according to their professional discipline. From "Social Common Capital."


"December 12  2018

from “Oriori no Kotoba” by Kiyokazu Washida, The Asahi Shimbun"