Why Nations Fail, America Edition

[coderman]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512


https://www.npr.org/sections/money/2021/01/19/957240511/why-nations-fail-america-edition

TL;DR:
"Drawing on decades of economic research, Why Nations Fail argues that
political institutions — not culture, natural resources or geography
— explain why some nations have gotten rich while others remain poor.
A good example is North Korea and South Korea. Eighty years ago, the
two were virtually indistinguishable. But after a civil war, North
Korea turned to communism, while South Korea embraced markets and,
eventually, democracy. The authors argue that South Korea's
institutions are the clear reason that it has grown insanely more rich
than North Korea.

Nations like South Korea have what Acemoglu and Robinson call
"inclusive institutions" such as representative legislatures, good
public schools, open markets and strong patent systems. Inclusive
institutions educate their populations. They invest in infrastructure.
They fight poverty and disease. They encourage innovation. They are
far different from the "extractive institutions" found in countries
like North Korea, Venezuela and Saudi Arabia, where small groups of
elites use state power for their own ends and prosper through
corruption, rent-seeking or brutally forcing people to work."


decentralize inclusive institutions until we reach rational anarchy.
it sounds so easy :P

best regards,

-----BEGIN PGP SIGNATURE-----

iNUEAREKAH0WIQRBwSuMMH1+IZiqV4FlqEfnwrk4DAUCYAdb7l8UgAAAAAAuAChp
c3N1ZXItZnByQG5vdGF0aW9ucy5vcGVucGdwLmZpZnRoaG9yc2VtYW4ubmV0NDFD
MTJCOEMzMDdEN0UyMTk4QUE1NzgxNjVBODQ3RTdDMkI5MzgwQwAKCRBlqEfnwrk4
DN6uAQC5fYDm5pU1UGkKbXcL9Nx9rhU9pb9K3WL/139KjUV7TQD+Mx9+8eHrz2Cp
kXGzDqT2D55t3a4G/knLfjDXKp6swgQ=
=uG12
-----END PGP SIGNATURE-----