Why Nations Fail
CevvelaWhy Nations Fail
Daron Acemoğlu & James A. Robinson · Doğan Kitap · 2012
Summary
A vast study of economic history proving that the reason countries are rich or poor is neither geography nor culture nor ignorance, but whether their institutions are “inclusive” (allowing the participation of the people) or “extractive” (keeping power in the hands of a small elite).
Quotes from Cevvela
“What impoverishes countries is not fate but the system of exploitation built by those who govern them.”
“Extractive institutions fear innovation, because innovation destroys their monopoly.”
“Where there is no justice, property rights are merely a weapon of the powerful.”
“Political equality is essential if individuals are to work their own gems.”
“Inclusive institutions distribute power; extractive institutions imprison it.”
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Acemoğlu puts an end to the fairy tales of development. If a country is poor, it is not because its people are lazy but because those who built the system deliberately exploit them. Cevvela’s hostility to an order that normalizes injustice is confirmed here by economics. The book tells us how, wherever power and money are concentrated in the hands of a narrow circle, innovation and talent are deliberately crushed. You realize that the cronyism and poverty in your own country are not fate but institutionalized theft. Where there is no rule of law, entrepreneurship is merely paying tribute to the exploiters.