Mafia now Italy's #1 bank. (user search)
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  Mafia now Italy's #1 bank. (search mode)
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Author Topic: Mafia now Italy's #1 bank.  (Read 424 times)
Gustaf
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« on: January 15, 2012, 01:20:48 PM »
Well, institutional theory does predict "private institutions" to take over when the state fails, so I guess it isn't that surprising.

Be interesting to formalize this. I'm guessing it is exactly the Mafia's reliance on extortion that makes it possible for them to lend money.
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