Peter Leeson discussed the economic and business lessons we can glean from pirates on Fox Business yesterday.
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On September 1st, 2010 at 2:54 pm John Phillips replied:
Well…it is an interesting analogy to link pirates and corporate america. We all realize the basic fundamentals of supply and demand and also a governing body to make sure that “business” is taken care of whether on a pirate ship or whether in corporate HQ. Same could be said of all organized crime. We have to do what we have to in order to survive. And the most organized of groups will always be the most successful because of the teamwork that is created by leaders and management, captains and first mates, and the crime boss and lieutenants of organized crime.
It’s an analogy that I would have never thought of but I can see that it was a really good one. Not a huge fan of foxnews, but this was an interesting story