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ARGeezer:
A sole proprietorship or family business is a control fraud waiting to happen.
And, so, in countries with large informal sectors or underground economies, where enforcement is lax or resource-poor, a criminogenic environment is created in which you're considered stupid if you don't steal from your employees, providers, customers and the taxman.

I have lately thought that, if ordinary small businesses are control frauds where poor performance and graft by the owners are normal, it cannot be too hard to run a business profitably. If you don't steal from your own business it should be easier to keep it running.

Economics is politics by other means

by Carrie (migeru at eurotrib dot com) on Tue Apr 26th, 2011 at 05:27:31 AM EST
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