Question
There is a country called Phelectra, ruled by a competent yet corrupt dictator named Saul Enigma. Enigma invites you to start a bank in his
There is a country called Phelectra, ruled by a competent yet corrupt dictator named Saul Enigma. Enigma invites you to start a bank in his nation.
Via official charter, you are to be given a monopoly on banking in Phelectra, provided you lend to Enigma whenever he requires money. Phelectra is a middling economy, with an average annual GDP growth rate of 4% peryear; if you become a monopoly banker in Phelectra, then you can easily become abillionaire.
Suppose that you are a psychopath who only cares about yourself and making profits. Applying the historical examples of The Knights Templar and the 14th-century Italianbanking families, should you take Enigma's offer?
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