March 28, 2010 at 11:01 pm | Posted in Uncategorized | Leave a comment

American bankruptcy laws are incredibly lax relative to the rest of the world. In effect, American entrepreneurship is a lot like playing roulette with other people’s money – you can keep the winnings, but the losses are paid for you. While you can never be sure to win any one particular bet, in the long run you will win sooner or later. In this type of game, the best strategy is to play as often as possible, to increase your chances of winning.

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