For the umpteenth time:
The institutions of this economy depend on the institutions of this democracy.
The institutions of this economy depend on the institutions of this democracy.
Reposted from
Josh Zingher
We've got to stress that democratic backsliding is what's *causing* our economic backsliding. The entire economy should not be held hostage by a mad king.
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It’s not because the corporate law there is the most permissive, it’s because there is near certainly in dispute outcomes because of the specialization and stability of their rule of law.