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I think most Americans just realise that relying on social capital (aka cronyism, handouts, blackmail and bribes) is a very shitty way to run business. I've jus
by cpncrunch 12y ago
I think most Americans just realise that relying on social capital (aka cronyism, handouts, blackmail and bribes) is a very shitty way to run business. I've just finished reading Jim Spilsbury's Accidental Airline, and the amount of cronyism back in the 50s in Canada was astounding. These days things are a lot better.
I guess Russia still has a long way to go, given that they only started using capitalism a couple of decades ago.
- debacle 12y agoI don't necessarily disagree with you, but I think there's a lot of room for profitability in the social capital space if you were a relatively morality-unencumbered startup.