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I call your ii) "cultural" and not "structural".

"Structural" is the fact that some of the legal rules are insane and so fixing the management is not enough.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Tue Dec 2nd, 2014 at 10:30:07 AM EST
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