Have you noticed how some companies and countries just tend to float despite some blunders made its leaders? I saw this often growing up in India. Heads of govt departments or even the country, would make some terrible decision. Yet somehow the country still fared through it without much trouble.
I have always wondered why this was the case. The only conclusion I have come to after all these years is that there are so many more entities around a country or a company, that ensures things do not fall flat.
Take United States for example. The administration has made quite a lot of questionable decisions this year, but the country still seems to be okay despite the scale of decisions made. In this example, there are so many countries that depend on US dollar, bond and stock markets, that in the short term allowing the country to fail or slow down is not in their interests. Especially since a lot of countries have pegged their currencies to the US dollar, or overwhelmingly depend on this country for trade.
It’s almost like when someone tries to drown themselves, but they are pulled up by buoyancy. I wonder how long a country can last before it starts to drown.
What do you think? Leave a Reply