| "It requires a multi-generational cultural conditioning to develop the civic mind that the Swiss have nurtured. It is also not clear how scalable it is ultimately." It also requires ancient banking roots that enable it to sit on the largest 'pot of gold' in the world (1/3 of the entire world's foreign investment) and put the management surpluses into its treasury. And to add, much of that 'gold' was, and is, owned by some really, really bad people and stashed away in the mountains specifically because said keepers don't have qualms about the origins of said wealth. Surplus money makes a lot of things a lot easier. (Much like the tone of a startup: flush with cash? It's all good times. Going out of business? Death marches!) Switzerland for all its great things is a little like Lux, Norway, and Monaco, which is to say it's hard to separate their exceptionalism from their 'special status' of having huge piles of immense easy per capita wealth. Also, to headline a post indicating 'national events shut down' which is an interesting but not particularly exceptional act, with the statement "We are the most X in the world, etc. etc." is slightly cringe-worthy. A lot of major events have been cancelled in a lot of places with similar risk exposures. |
-has existed for much longer than Swiss banking being particularly significant
-existed already when Switzerland was one of the poorest countries in Europe
Also, banking is only significant in a small part of Switzerland.