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July 06, 2017

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I’m not sure that I’ve heard of mercenaries paid with contingency fees financed out of the spoils of war
Executive Outcomes did this in Angola and Sierra Leone in the 1990s, with arguably not bad outcomes for the locals. The surrounding politics were totally different though. Chapter 2.

I didn't know that E.O. did this! I do know that Erik Prince has been hinting at such a system in Afghanistan, without making it explicit.

If we go down this path, economic historians of the 25th century will have a field day testing hypotheses about the long-run impact of extractive institutions. Did Buck Rogers' teammates go to university?

Chiming in sadly late, would Prince's scheme end up looking pretty much like the old East India Companies? The exact nature of the charter wouldn't be the same, of course, but if you've got a legal government-granted monopoly...

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