I'd expect a degradation to start in Civil Liberties scores with ANO's plan to abolition of the license fee; merge CT and CRo; and then move to a fully state funded operating model for the NewCo.
I also expect the political culture score to start steadily dropping as SPD and AUTO's competition to "own" the far-right leads to the intensification of culture war discourse, and potentially forces ANO to start opportunistically shifting right as well.
I don't expect "functioning of government" scores to shift significantly either, as the same issues that persisted when I helped my former employer enter Czechia still remain.
Our PortCos will still continue to remain in CZ because once you build that network it makes everything so much easier (and because Israeli founders and operators continue to have a soft spot for CZ), but the manner if which we need to operate in Czechia and maintain closeness with the right people isn't that different from emerging markets.
And that I feel is the crux of the issue in Czechia and much of the CEE - once you know the right 20-30 people or their friends or colleagues, you get the red carpet. Otherwise, it's an uneven playing field.
The model that is being discussed for the public broadcasters is that they will be financed by a certain fixed percentage of the country's GDP, and I don't think that there will be any merging of CT and CRo; there is no agreement on that in the coalition.
"intensification of culture war discourse" Compared to what? There isn't much space left to increase the heat.
"potentially forces ANO to start opportunistically shifting right as well."
ANO is a pensioner's party and given our fertility rate, this is their goldmine. They don't really have to expand their electorate, it expands on its own.
"once you know the right 20-30 people or their friends or colleagues"
Isn't that why people fight to get into Ivy League universities or Ecole Normale Superieure? I am not sure if there is any single nation on Earth where personal connections are unimportant.
> Isn't that why people fight to get into Ivy League universities or Ecole Normale Superieure
Going to Harvard or Yale doesn't mean I have the ability to call a couple people who can pressure someone at the SEC to speed up the review of an S-1 or can pressure a city council to re-zone agricultural land to residential land to build a housing complex, or (using your earlier Eton example) find a SpAd who can put pressure at the SFO to get them off my back.
And more critically, if I find someone to do that, then my competitor will find out and take me to court, and 2-3 years are burnt in negotiating a settlement.
On the other hand, if someone even finds out that I do something like that in CZ, they have no choice but to roll with it because otherwise they will be frozen out from dealflow or ignored when asking for a favor.
And this is why institutions matter, and degradation of institutions are worrisome, becuase they increase the risk profile of opportunities and incentivize zero-sum thinking.
> The model that is being discussed for the public broadcasters is that they will be financed by a certain fixed percentage of the country's GDP
Yet the power of the purse will be removed from the media and given to the state, thus reducing CT and CRo's independence. This disincentivizes the publication of politically controversial statements.
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Just becuase the US is seeing degradation of institutions does not mean much of Europe is not facing similar problems.
I also expect the political culture score to start steadily dropping as SPD and AUTO's competition to "own" the far-right leads to the intensification of culture war discourse, and potentially forces ANO to start opportunistically shifting right as well.
I don't expect "functioning of government" scores to shift significantly either, as the same issues that persisted when I helped my former employer enter Czechia still remain.
Our PortCos will still continue to remain in CZ because once you build that network it makes everything so much easier (and because Israeli founders and operators continue to have a soft spot for CZ), but the manner if which we need to operate in Czechia and maintain closeness with the right people isn't that different from emerging markets.
And that I feel is the crux of the issue in Czechia and much of the CEE - once you know the right 20-30 people or their friends or colleagues, you get the red carpet. Otherwise, it's an uneven playing field.