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Terrance Lindenbergg's avatar

A fine summary of the political economy of stable states, or can in some cases produce empires that may not survive. Regardless they depend on the production of foodstuffs or have the means to get them for their citizens. This shows the fundamentals of a state reduced to the simplist form for all the complicated financial structures powerfull càpitalist states create.

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DENNIS B MURPHY's avatar

In their book "Why Nations Fail" Acemoglu & Robinson argue that the colonial powers introduced extractive higher authorities and even when colonial powers left, the native powers that took over maintained extractive governance.

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