[dheera]

For the number of corporations that register in Delaware, why aren't Delaware's streets lined in gold?

I dropped a few Google Street View pins randomly around Delaware and it looked pretty dated to me. Schools that look like jails, houses made of wood, potholed roods, narrow non-ADA-compliant sidewalks, and hardly any modern shiny train service. Aren't they scooping up trillions in taxes? Why aren't they building the next Shanghai/Silicon Valley/Singapore/whatever with that cash?

It's really hard to believe from Street View that this is the place where big corporations are registered.

https://i.imgur.com/FP3XZtx.jpg

[IG_Semmelweiss]

There is a long line of countries that found black gold (oil) in the 70's, such as Venezuela , that are since economic basket cases.

Or take some African countries with Diamonds.

My point is that because you have a revenue source / competent niche, that does not guarantee a competent government. Usually the only thing you can guarantee is that unplanned riches or resources will lead to waste and corruption. Its not an accident that the norwegian sovereign fund is an rarity, not a rule.

I am curious if there is a genesis to the level of crime and abandonment so pervasive in DE.... from the success DE enjoyed early on, via corp registration riches.

[moehm]

Just to enrich your comment, the grand parent should probably read "The Dictator's Handbook"[0] by de Mesquita or watch this adaption:

https://www.youtube.com/watch?v=rStL7niR7gs

[0] https://www.goodreads.com/book/show/11612989-the-dictator-s-...