20 Nov Like the House, Crony Capitalism Wins
“Casinos are crafty, giving players just enough hope to keep them betting. Ultimately, the longer you bet, the bigger the house advantage becomes.”
Corporate America and the whole crony capitalist system are pretty damned crafty, too. Some people like to imagine that all politicians and Wall Street bankers are idiotic morons who make decisions based not from malice but from utter stupidity. I disagree!
You can read this article in its entirety at the job market journal: