Chapter 23 More Gray and Purple, Less Gridlock

When a government can not get anything done it crushes confidence, and a lack of confidence is bad for investments. This was apparent when political gridlock caused the credit rating of the United States to be downgraded in 2011. Politic extremism has almost made the word compromise a curse which is bad because compromise can lead to progress.

Politics has always been intertwined with the media and the two reflect each other. In the United States some of the early newspapers started as a sideline revenue source for commercial printers. They evolved into very partisan mixes of politics, news, and gossip. In many countries certain news outlets are very clearly identified with certain political parties. ...

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