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> From the outside it just looks like you guys are resting on a giant warchest with feuding petty fiefdoms while the king is asleep at the throne. They're prob
by lamontcg 4y ago
> From the outside it just looks like you guys are resting on a giant warchest with feuding petty fiefdoms while the king is asleep at the throne.
They're probably operating like a third world nation that finds a natural resource like Oil or diamonds or something.
That was google search / ads.
The company now is full of internal corruption which is just the petty fiefdoms all squabbling over the spoils, while the industry is being badly managed.
Lets see if I can find the economics book on that...
The Bottom Billion:
https://en.wikipedia.org/wiki/The_Bottom_Billion https://en.wikipedia.org/wiki/The_Bottom_Billion
Chapter 3 is on "the natural resources trap"
I haven't read it in over a decade and the analogy may fall apart, particularly when it comes to stuff like trade and currency -- but the problems of governance when a country is overflowing with natural resources is the narrow slice I'm talking about being analogous.
- solardev 4y agoThat's a great analogy!
- lamontcg 4y agoYeah I mean I haven't read that book in probably 15 years, so I may be making shit up about it at this point given how my memory is... but I definitely see corporations behave that way and internal governance goes completely to hell when they're flush with cash.