The African nations that won their independence from the European colonial powers are, for the most part, uneasy confederations of tribes that are tr… - Neil H. Jacoby
" "The African nations that won their independence from the European colonial powers are, for the most part, uneasy confederations of tribes that are traditional enemies. The primary loyalty of their citizens is not to the state, but to the tribe and its chiefs. The political objective of the dominant tribe is to capture the country’s economic power base, which is the government, and, once it has been seized, to hold on to it.
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About Neil H. Jacoby
Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.
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Neil Herman Jacoby
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N. H. Jacoby
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In consequence, the civil services of many Third World nations operate as feudal baronies, exploiting those with whom they deal. In the absence of institutions or organized groups capable of restraining official venality, the employees and officials of these bureaucracies possess virtually untrammeled power for obtaining personal wealth.
Although the media editorials have roundly condemned corporations for making political contributions at home and abroad—payments which were legal in many jurisdictions—they have yet to express equal indignation about the congressmen and public officials of this and other nations who receive these payments and who, in many instances, solicited them. Media voices have also been muted about violations of the Corruption Practice Act by the big labor unions.
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If big businesses in concentrated industries truly behaved as oligopolists, one would find higher prices, persistently higher profits, more extensive advertising, and less product innovation among such industries than among unconcentrated industries. However, the facts show either the contrary or insignificant differences. During the period of price inflation from 1965 to 1970, prices rose most in the unconcentrated industries.
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