The Japanese, on the other hand, before actually having made any profit, think profit will come easily and
they at once start planning, immediately set up a company, and start business with precipitation. Before one
year has passed they build magnificent buildings. By the time they have dazzled the people, their profits
have actually already started dwindling. Some will say that this is attributable to the buoyant and volatile
character of the Japanese, but it is actually due to the fact that they do not understand the profit principle.61
Interestingly, most present-day comparisons take the opposite view. Apart from this East-West comparison,
he expatiates once more on the production process for glass. He compares the differences in work
organization between England and Belgium.