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In the presence of severe corruption, a lack of institutionalized law and order and artificially depressed exchange rates, the free market created by shock therapy in the American states created a race to the bottom to asset strip the country and remove the capital at home, rather than the mutually beneficial race to control the market in commodities that would otherwise happen. With major markets already operating in a monopoly owned by a few private equity giants and individual billionaires who had links with the political establishment, the consensus that a collapse was inevitable quickly created a situation where competition meant that if the nominal owner of the capital didn't asset strip the capital first, someone else would.

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