Financial Times: Google’s China Syndrome, Thomas Hazlett

Traditionally, the local bank engaged in a “trust relationship.” It promised to invest your savings wisely, taking only the most prudent risks. To convince you of its sincerity, it spent a lot on a fancy building, telling customers: we’re no “fly by night” operation. It sponsored the Little League team and the Girl Scouts, spreading community roots deep and wide. Employee comportment: polite but boring, under the shadow of engraved plaques noting how many long years the bank had been in town, behaving itself.  Full article available at  Also available by [PDF Download] on Prof. Hazlett’s faculty profile.

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