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Calculating Returns | Time Travel, Recession Cascades, Privateers, BRIC House & The Return of Fun?

Pirates of Finance

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The Role of Privateers in Crony Capitalism

In the 1800s, sailors in the English Navy were given a ration of rum. In today's crony capitalism, all fortune 100 companies are "privateers," he says. The author is curious as to how much more illegitimate behavior among government actors has decreased over time because of that.

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