The mob did Rossi in in Italy in his waste modification business. They are
still active today, particularly outside this country. China is probably not
clean and Greece and Italy are known for their corrupt practices. Russia and
the whole Eastern Block have their problems. I would say Both Rossi and DGT
should have been and were probably aware of the issues.
Bob
----- Original Message -----
From: Jed Rothwell
To: vortex-l@eskimo.com
Sent: Monday, April 07, 2014 8:26 PM
Subject: Re: [Vo]:Mats Lewan book : An Impossible Invention
Axil Axil <janap...@gmail.com> wrote:
Tomas Edison the founder of GE, could give and take with the best of them.
For example, several months after Edison employed Tesla . . .
Yes, Edison was famous for being a sharp dealer. He cheated many people, and
refused to pay his bills. He was not in the same league as the Robber Barons
but he was not someone you would want to cut a deal with.
19th century business practices were a lot rougher than today's. There were
few regulations. Law enforcement was minimal. Read about Standard Oil, as I
said. Or the Credit Mobilier scandal.
It is harder to use such tactics nowadays because of ubiquitous big data.
Credit rating agencies can be more effective. They are not always effective, as
shown in various scandals. That is not because of technical difficulties
keeping track of data; it is because the credit agencies themselves are
corrupt. This would not be a problem with Defkalion. They are a small company
and cannot buy off or influence a credit rating agency.
Well into the 20th century business was overrun with gangster tactics --
protection money, extortion, firebombing rivals and so on. Some businesses,
such as restaurants and garbage collection in New York City are still "mobbed
up." This was portrayed in fictionalize drama such as "The Sapranos" but it has
some factual basis. The spread of large chain stores such as Mac Donald's and
WalMart has made it more difficult to extort money from businesses.
- Jed
