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There's that, and there's also the apparent belief that every other country besides the USA is a 3rd world country. And where the assumption that the US legal
by yesenadam 6y ago
There's that, and there's also the apparent belief that every other country besides the USA is a 3rd world country.
And where the assumption that the US legal system is infinitely better than every other country's, comes from, I'm not sure.
- perl4ever 6y agoI think it comes from the pattern of people seeking it out. A relevant example is Argentina's issuance of bonds in the past and subsequent travails. They didn't have to make themselves subject to US courts in the way they did. For some reason, despite all the disadvantages (potential and actual in hindsight) of borrowing in US dollars and being subject to New York law, they did it anyway.