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Understanding the Flows of History | Garett Jones & Richard Hanania

CSPI Podcast

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The Monarchy Does Work Within

In traditional monarchies, the king has skin in the game 100 equity ownership. That's never the equilibrium, right? The king ends up sharing power with this board. So, and this is true in corporations who are privately owned. There's a CEO with a very tiny share of the president, baby, and chairman of the board with very tiny shares of the stock. And yet somehow that's the best way to run a firm we've ever come up with.

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