Anand Giridharadas
👤 SpeakerAppearances Over Time
Podcast Appearances
Their resources are only possible because of what you bust your ass to fund.
How come none of these people base their corporations in Somalia?
Do you know what it's like to enforce a contract in Somalia?
No.
If these people like a pliable regulatory environment, I'm sure Somalia has fewer onerous financial regulations weighing down a Goldman Sachs.
Why doesn't Goldman Sachs base itself in Somalia?
There's often been so little government there that parts of it have been controlled by random groups.
They like limited government, right?
Nothing says limited government more than a government that doesn't even control a lot of its country.
There's some places like that around the world.
Have you ever seen any of these corporations uproot and anchor themselves in places that don't have a working government that controls the whole country?
In theory, this should be their fantasy, right?
No government.
We can find you some places with no government or very limited government.
There's no Dodd-Frank in Somalia.
There was no Glass-Steagall Act in Somalia.
Why aren't y'all setting up in Somalia?
Because you like the laws and courts that we fund.
You actually like and benefit from the Securities and Exchange Commission, even if you don't like each thing.
Everything about their fortunes is dependent on what you and I fund.