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A world of robber barons

According to the Economist, the relationship between business and the state bears some resemblance to the Rhine in the Middle Ages. Like those Rhine boatmen, the companies operating within national borders must pay something towards the cost of supporting commerce, but if the tolls are excessive, trade will suffer. In such a scenario, some of the world’s 200 or so countries will be tempted to act as robber barons…

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