Why Economic Backwardness Persists

"
Why Economic Backwardness Persists

Elites prefer to rule an impoverished citizenry to not ruling at all.

Ronald Bailey | November 27, 2012


Why do some societies maintain institutions that cause economic backwardness? This is the vital question that MIT economist Daron Acemoglu and Harvard economist James Robinson asked in their seminal 2006 article, “Economic Backwardness in Political Perspective” in the American Political Science Review. Their analysis concluded that all too many rulers have clearly calculated that it’s better to keep their people in poverty than risk losing the privileges of political power."................


http://reason.com/archives/2012/11/27/w ... s-persists

It is harder to revolt when you are flat on your back rather than on your knees?

Blazer Bob wrote: "
Why Economic Backwardness Persists

Elites prefer to rule an impoverished citizenry to not ruling at all.

Ronald Bailey | November 27, 2012


Why do some societies maintain institutions that cause economic backwardness? This is the vital question that MIT economist Daron Acemoglu and Harvard economist James Robinson asked in their seminal 2006 article, “Economic Backwardness in Political Perspective” in the American Political Science Review. Their analysis concluded that all too many rulers have clearly calculated that it’s better to keep their people in poverty than risk losing the privileges of political power."................


http://reason.com/archives/2012/11/27/w ... s-persists

Isn't this like posting that MIT figured out that the sky is blue?

Wonder if the authors got a grant to reveal that little revelation? rofllol

cydl wrote: Wonder if the authors got a grant to reveal that little revelation? rofllol

Everyone with avarice in their soul, larceny in their heart and an ability to write gets a grant.

Sigh...guess I just don't have the ability to write!

Or perhaps you just respect other peoples' wealth.

Blazer Bob wrote: "
Why Economic Backwardness Persists

Elites prefer to rule an impoverished citizenry to not ruling at all.

Ronald Bailey | November 27, 2012


Why do some societies maintain institutions that cause economic backwardness? This is the vital question that MIT economist Daron Acemoglu and Harvard economist James Robinson asked in their seminal 2006 article, “Economic Backwardness in Political Perspective” in the American Political Science Review. Their analysis concluded that all too many rulers have clearly calculated that it’s better to keep their people in poverty than risk losing the privileges of political power."................


http://reason.com/archives/2012/11/27/w ... s-persists

lol This is a democratic argument..When America revolted against the Viet Nam war the powers that be decided that "we the people" had too much education, too much money, and too much time on our hands...And its been a war on the middle class ever since- It started with Reagan

Thanks for posting this Blazer

No Big Doug,

He is describing leaders, esp. our Democrats, they all seem to fall into this category, because #1 is staying the leader, even if they want to do good, they cant do it without keeping staying the leader as #1.

It started with Reagan? Did you forget Jefferson? Or Caesar? It ends with revolution and starts up again within moments.

Since the GOTP has been in a fact-free zone at least since 2000, (and earlier) he's in good company.