"Obviously, Sweden has a different set of cultures in terms of how the government relates to markets and America's different. And we want to retain a strong sense of that private capital fulfilling the core -- core investment needs of this country." President Obama to ABC News.
"But stop and think about what Obama is saying. We know the correct answer, but we are afraid to do it - because of our "culture" - so we are going to follow the Japanese plan." The weblog Calculated Risk.
Remember, culture is a critical part of the orientation phase of OODA loops. The culture Obama is referring can be translated as: wealthy interests don't want to accept the pain of a fix. A textbook example of cognitive regulatory capture.
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