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Reason On How and Why 38 Studios Went Bust 227

Posted by timothy
from the other-people's-money dept.
cathyreisenwitz writes "The 2012 bankruptcy of Rhode Island-based video-game developer 38 Studios isn't just a sad tale of a start-up tech company falling victim to the vagaries of a rough economy. It is a completely predictable story of crony capitalism, featuring star-struck legislators and the hubris of a larger-than-life athlete completely unprepared to compete in business." Reason makes no bones about its view of this kind of public-private "partnership."
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Reason On How and Why 38 Studios Went Bust

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Somebody ought to cross ball point pens with coat hangers so that the pens will multiply instead of disappear.

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