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That's an unfair generalization. There are many industrialists in the developing world who started from scratch [1] and without connections, but managed to buil
by alphakappa 13y ago
That's an unfair generalization. There are many industrialists in the developing world who started from scratch [1] and without connections, but managed to build something amazing.
1. http://en.wikipedia.org/wiki/Dhirubhai_Ambani http://en.wikipedia.org/wiki/Dhirubhai_Ambani
- eru 13y agoAnd the US more than 100 years ago wasn't too different from contemporary developing countries, either.
- rayiner 13y agoThe U.S. really was never as bad as many developing countries are today. In the age of the robber barons, the U.S. government didn't do anything to stop them, but wasn't in bed with them the same way as in China or Russia. Remember, a huge portion of China's businesses are still state-owned, and many of the rest have very incestuous ties with the government. Think of the defense sector in the U.S., except far less transparent, far more corrupt, and far more extensive.
- rayiner 13y agoSure, it's a generalization. There are a lot of self-made entrepreneurs in the developing world. There are also a lot of tycoons getting rich in the oil and gas industries because of cozy relationships with corrupt governments.
- deleted 13y ago[deleted]