Time for a new addition to our list of 1,001 Private Company Financial Statements You Must Read Before You Die...: Kissinger Associates, which may be the most profitable consulting company on earth on a per-employee basis. Isaacson's biography places Kissinger's personal...
They provide value in two ways: 1. Everyone knows Kissing & Blair and they can make introductions to gov'ts to which you can sell stuff 2. I wouldn't be surprised if they engaged in corrupt activities i.e. you're in shit with some foreign gov't, Kissinger knows a guy.
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They are basically sales reps for foreign countries. No different from using a sales rep to sell into Walmart or some other chain of stores.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Take your point 2, for example. When I refer to economic value-added, I'm speaking in aggregate terms, i.e. net of externalities. Corruption is an externality.
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If you look at it in aggregate, sure, there are middlemen that provide negative value, but that's not core to the question. The question is "why do they exist" - and the answer is "because they provide value to others" (not in aggregate) who see that their existence continues.
End of conversation
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