3 ms·
>But eventually, you live or die by the bottom line. By contrast, a government keeps existing no matter how poorly it manages its finances. Look at Zimbabwe, Ar
by malermeister 3y ago
>But eventually, you live or die by the bottom line. By contrast, a government keeps existing no matter how poorly it manages its finances. Look at Zimbabwe, Argentina, Venezuela, South Africa, Greece, etc.
That's just survivorship bias. Some counterexamples:
https://en.wikipedia.org/wiki/Fall_of_the_Berlin_Wall https://en.wikipedia.org/wiki/Fall_of_the_Berlin_Wall
https://en.wikipedia.org/wiki/26th_of_July_Movement https://en.wikipedia.org/wiki/26th_of_July_Movement
https://en.wikipedia.org/wiki/1997_Albanian_civil_unrest https://en.wikipedia.org/wiki/1997_Albanian_civil_unrest
- JadeNB 3y agoThis is an interesting counterpoint, but I'm not sure it's a counterexample: those governments kept existing, in the sense that the, say, Cuban government existed both before and after; they just had radical changes of direction and leadership. The same can and does happen to companies, and I think many casual observers would say that the business has survived.
- malermeister 3y agoThat is a fair point! As a full counterexample, East Germany stopped existing after the wall fell.
- JadeNB 3y ago> That is a fair point! As a full counterexample, East Germany stopped existing after the wall fell. Ah, good example.