QotD: Capitalism

A great thing about capitalism is that people pay for the consequences of their own stupidity. So staying on the topic of Russia as per my last article, I have no sympathy with Shell Oil now that they are getting shafted by the Russian state after making vast investments in that country. The word of the Russia government (even more so than most governments) is worth less than nothing. As a result, anyone who makes agreements with that government and puts big money into a place which has for years clearly been a kleptocratic sink hole is the author of their own misfortune when things inevitably go pear-shaped.

Perry de Havilland, "A great thing about capitalism is...", Samizdata, 2006-12-12