The company is caught in a double bind.If it doesn’t modernise it won’t make money, but if it does modernise they’ll have to make people redundant because they won’t need them any more.
To modernise its economy, it has remained wedded to industrial policies, state-owned enterprises, and a “techno-nationalism” that protects and promotes home-grown technologies.
He knew the ways of the market inside out; he had even modernised it, helping to launch the first electronic stockmarket, Nasdaq, and becoming its chairman.
DISCUS claims not to mind whether states run their own liquor stores, as long as they are willing to “modernise” them by allowing tastings, long hours, a big choice and so on.