Governmental Support Quotes
The Senator had intervened in the regulatory process on behalf of the Lincoln Savings and Loan. The bank owner had made large contributions to the senator's campaign:. The bank failed costing the taxpayers billions of dollars.
The United States was desirous of providing assistance to the Benito Juarez Republican government of Mexico. Both governments were desirous of American foreign investment in Mexico. However, the Juarez government was not in real control of Mexico. State and local government, many corrupt, seized foreign owned business property, reneged on agreements. Others tried to regulate some of the abusive labor employment practices that some American firms had practiced. But little of this, both reasonable and not, was with the consent and even knowledge of the Mexican national government. Capen’s basic observation, so relevant to economic development in modern times was prescient and fundamental to the development of the third world and even the former Soviet Union. If there is insufficient government protection for business, then the high risk will drive out investors who would take reasonable returns. The only investors would then require very high returns, which themselves would inhibit the very growth and development that we want to stimulate.
The “Leader” is Muammar Qaddafi who attempted to change the traditional Muslim role of women in society.
