"Dissolution of Chaebols and Economic Democratization": One of the Achievements of the US Military Government in Japan

In 1946, US troops seize shares of the Mitsubishi family.
The United States dissolved the zaibatsu for the purposes of punishing war criminal enterprises and promoting economic democratization.
MacArthur determined that the method to reform Japan's backwardness was political and economic democratization.
[Political and Social Democratization]

• Dissolution of the Imperial Government and Imperial Diet, reorganized into a Government and National Assembly
• Resurrection of the Japanese Communist Party (which had been forcibly dissolved) and the introduction of political freedoms
• Gender equality policies and the enforcement of laws punishing pimps and sex buyers
• Ban on education regarding the divinity of the Emperor and the introduction of a parliamentary cabinet system
• Implementation of full local autonomy and granting voting rights to women
• Demotion of Kazoku (nobility), collateral imperial branches, and former Great Japanese Empire imperial family members to commoner status
• Ban on corporal punishment of students by teachers
  [Economic Democratization]
• Confiscation of zaibatsu family shares and sale on the stock market
• Dissolution of large corporate groups and enforcement of antitrust laws
• Introduction of democratic management based on agreements between shareholders, labor, and management
• Abolition of the landlord-tenant system and confiscation of land
• Guarantee of labor union establishment and the right to strike
• Prohibition of wage discrimination based on nationality, gender, or age
• Implementation of equal pay for equal work
  There is a reason MacArthur is called the "Blue-Eyed Shogun."
  It would have been ideal if Hodge, the commander of the US Army Military Government in South Korea, had possessed this level of capability; however, due to a lack of political power, he failed to implement even the primary task of land reform.