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04 Apr 09

The Quiet Coup - The Atlantic (May 2009)

  • Typically, these countries are in a desperate economic situation for one simple reason—the powerful elites within them overreached in good times and took too many risks
  • As masters of their mini-universe, these people make some investments that clearly benefit the broader economy, but they also start making bigger and riskier bets. They reckon—correctly, in most cases—that their political connections will allow them to push onto the government any substantial problems that arise.
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