New Jersey equals a banana republic of the old Soviet Union — like Kyrgyzstan or whatever. The dealers are rent seeking and it’s clearly not in the interest of consumers. Instead it’s promoting the interests of an industry that deserves to die because it’s not efficient and doesn’t serve consumers. That’s because rent seekers don’t create anything of value.
Steve Blank. “Dancing Giants”
http://pando.com/2014/03/28/dancing-giants-startup-guru-steve-blank-bashes-big-companies-that-stack-the-deck/
Kapow!
(via peterspear)
Boom.
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