Friday, October 17, 2014

Why Nations Fail

A nation is poor precisely because it has been ruled by a narrow elite that has organized society for their own benefit at the expense of the vast mass of people. Political power has been narrowly concentrated, and has been used to create great wealth for those who possess it.

... cities dominated by narrow elites fail, states controlled by narrow elites fail, and indeed, any organization that serves the interests of a few at the expense of the many fails for the same reasons.

http://www.zerohedge.com/news/2014-10-17/why-nations-and-organizations-fail-self-serving-elites

Gee, I wonder if there's a lesson here for the USA.

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