The US is infamous for passing laws that apply to people and businesses everywhere in the world. And while that may be annoying as hell if you are a US citizen having to pay income tax in the US even though you don’t live there anymore, it can in some cases have positive unintended consequences.
‘three cheers for better regulation […] maybe not.’ – I’m not sure if I quite agree. I’m all for _better_ regulation – as opposed to _more_. ‘Less but better’, as Dieter Rams put it in his ‘10 Principles of Good Design’.
When I was 20 years old, I studied "Institutions, Institutional Change and Economic Performance" by Douglas North.
It gives concrete historical examples of how a nation can flourish or fail depending on how large the transaction costs are, and I believe that corruption makes them rise a lot...
It’s amazing how you’re able to find these gems …
‘three cheers for better regulation […] maybe not.’ – I’m not sure if I quite agree. I’m all for _better_ regulation – as opposed to _more_. ‘Less but better’, as Dieter Rams put it in his ‘10 Principles of Good Design’.
When I was 20 years old, I studied "Institutions, Institutional Change and Economic Performance" by Douglas North.
It gives concrete historical examples of how a nation can flourish or fail depending on how large the transaction costs are, and I believe that corruption makes them rise a lot...