Quote from: RealBitcoin on July 13, 2016, 09:51:13 PM

Quote from: deisik on July 13, 2016, 09:42:07 PM

Quote from: RealBitcoin on July 13, 2016, 09:36:16 PM

Quote from: deisik on July 13, 2016, 09:26:59 PM

Aramco, no? It has not just a government-appointed management, it is actually managed by the royal family of the KSA with all their whimsies and fancies like gold cars and pans

Ok then its neither government nor corporate, it's royal property then, because it belongs to that kingdom?

To the royal family, to be precise. According to your logic, it should be even worse than if it were controlled just by government

No:

Quote

If the owner = government = 1 person, then it might be a different thing and it has more in common with aristocracy than capitalism.

If its owned only by 1 king, then it's more efficient because it is only influenced by 1 person, whereas if it were a government, it would be influenced by hundreds of politicians fighting for control over that enterprise.

Do you know how large is the KSA royal family? It is not just "hundreds of politicians fighting for control over that enterprise", it is literally thousands of princes permanently intriguing against each other behind the scenes...

As it has always been in royal families