Over the span of this blog I have offered many ideas on how to make things better for ourselves. Better food, better shelter, better entertainment and better ideas.Why? Because I see things around me not getting better. From my perspective, our nation is in a slump.
Now comes a well reasoned book from Daron Acemoglu (Killian Professor of Economics at MIT) and James A. Robinson, a political scientist and economist (David Florence Professor of Government at Harvard University).
"Why Nations Fail" offers a history of failed states and why they self-destructed. That's right SELF destructed. Why did it happen? In every case, the nations wealth ended up being cornered by an already wealthy, politically connected elite. Concentration of capital was the cause. Sound familiar?
If you have the stomach for it, here is a video where Acemoglu outlines and explains the premise of their book.
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