Most nations gain their advantage by making things more efficiently, and at lower cost, than their competitors.
To the extent that the French enjoy a natural advantage, it is in their inefficiency: They are the world's most efficient producers of structured indolence. They are the kept women of the global economy; their status depends, in part, on their practical uselessness.
Reinvent the British and you get a global finance center, edible food and better service. Reinvent the French and you may just get more Germans.--Michael Lewis
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Friday, August 15, 2008
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