In the Interventionist State it is no longer of crucial importance for the success of an enterprise that the business should be managed in a way that it satisfies the demands of consumers in the best and least costly manner. It is far more important that one has 'good relationships' with the political authorities so that the interventions work to the advantage and not the disadvantage of the enterprise.Quoted by Richard Ebeling.
Financial Markets
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I have been puzzled why financial markets have been so slow to react to the
US/Israeli attack on Iran, and the subsequent closure of the Straits of
Hormu...
5 weeks ago

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