Posted on 02/14/2013 6:01:19 AM PST by Servant of the Cross
Thanks for the ping!
That says it all.
BTTT!
Here’s an excellent presentation by Daron Acemoglu of MIT on Why Nations Fail:
http://www.econtalk.org/archives/2012/03/acemoglu_on_why.html
Ray Dalio of Bridgewater fame also points out a problem:
http://www.scribd.com/doc/91494813/Why-Countries-Succeed-and-Fail-Ray-Dalio-Bridgewater-June-2011
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