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Why nations fail

economist.com

91–100 of 119 posts

Re: Why nations fail

#91
post #62

Reading this review - and others - I was reminded of Ralph Peters essay 'Spotting the Losers: Seven Signs of Non-Competitive States' http://www.carlisle.army.mil/USAWC/Parameters/Articles/98spr... Which doesn't really explain 'why' but does set out in concise form 'what failure looks like'.

Reading those "failure factors" reminded me of much of the current Republican party.

Re: Why nations fail

#92
Nations fail because their leaders are greedy, selfish and ignorant of history

This is the kind of thinking that got the US stuck in Iraq for a decade. "We'll change the country by killing this one guy".

If a nation's leader is a failure it's because the nation itself is a big pile of fail, not the other way around.

Re: Why nations fail

#93
post #64

Earlier quoted context omitted.

Will look into it. There is also the elephant in the room with this subject, which is when you look which cultures might be at risk from collapse in the future. Or perhaps I have just read Snowcrash too many times.

That's specifically the question Diamond is looking for an answer to. We're staring down several of his modes of failure.

I wonder how his analysis stacks up next to Dymitri Orlov's 'Reinventing Collapse' - http://cluborlov.blogspot.co.uk

Re: Why nations fail

#94
post #84

Joseph A. Tainter's The Collapse Of Complex Societies is a bit academic but very good study of civilizational collapse. It has a lot of data, studies many different civilizations and examines all popular theories of civilizational collapse. It points to diminshing marginal returns on increasing complexity in civilizations as the mechanism of collapse. It's far better than the trendy Jared Diamond writing. IMHO, Jared…

Really? I found _Collapse_ to be much more boring than I expected. One of the major reasons he claims that a society collapses is a lack of trading partners. Not very sexy at all, and not leftist.

I'd like to add honourary mentions for Jane Jacobs' last book, Dark Age Ahead and Thomas Homer-Dixon's book The Ingenuity Gap.

http://raisethehammer.org/blog/455/

Re: Why nations fail

#95
post #3

Once again Occam's butterknife is spotted in the wild. Richard Lynn, call your office: http://en.wikipedia.org/wiki/IQ_and_the_Wealth_of_Nations

Doesn't really explain anything. IQ correlates with nutrition and education level, both correlates with prosperity. So it's just circular reasoning.

Re: Why nations fail

#96

Joseph A. Tainter's The Collapse Of Complex Societies is a bit academic but very good study of civilizational collapse. It has a lot of data, studies many different civilizations and examines all popular theories of civilizational collapse. It points to diminshing marginal returns on increasing complexity in civilizations as the mechanism of collapse. It's far better than the trendy Jared Diamond writing. IMHO, Jared…

I just read some of the reviews on Amazon and ended up adding Tainter's book to my reading list. This increasing complexity sounds eerily similar to our current situation.

Re: Why nations fail

#97
post #10

The author's key argument is that extractive institutions lead to state failure. Like most theories of state failure, there's some good examples but enough weak or counter examples to discredit it as 'the' answer. At best, I'd argue that extractive institutions are a block to success: countries with them have one fewer barrier to overcome. I recently researched the thorny issue of what consititutes art, and the leadi…

While I am sure there are a number of reasons that lead to states success or failure, I am not sure we can determine them because we don't have much data. There are about 200 sovereign states so if you should use less than log_2(200) ~ 8 criteria if you want your theory to make sense.

You can try to use history to add some data, but on the other hand, many smallish states will have similar criteria (history, culture, geography,...) so that diminishes you data set.

In addition, while you could try to use this to make predictions, the time scale is so big that I don't think the whole endeavor is very useful.

Re: Why nations fail

#98
A good read is the book "The Mystery of Capital" by Hernando DeSoto. It doesn't address failed states, but talks about why capitalism succeeds in some countries and not in others.

Re: Why nations fail

#99
post #55

There is fundamentally sound economics behind the authors theory, but there's also really easy to understand logic: IF you have a strong state that controls the economy, then everything that is done must be authorized by the state. This is necessary if the purpose of the state is to extract the nations wealth to profit an elite few. If you have a weak state, then experiments can be tried, and while many experiments w…

While the Republicans gripe about "high taxes", it doesn't explain the success of the Nordic countries with their high taxes _and_ high standard of living.

Re: Why nations fail

#100
post #62

Reading this review - and others - I was reminded of Ralph Peters essay 'Spotting the Losers: Seven Signs of Non-Competitive States' http://www.carlisle.army.mil/USAWC/Parameters/Articles/98spr... Which doesn't really explain 'why' but does set out in concise form 'what failure looks like'.

It seems like "discouraging or prohibiting work" is the common theme, among both these and extractive institutions. Which may be too tautological to be useful: in cases where work isn't worth doing or is outright prohibited, less work/science/innovation gets done.
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