Why Do Nations Fail? by Daron Acemoglu and James A. Robinson

Introduction Why did the country fail? This is a topic being debated by many economists and the problem that many scholars are trying to find answers. The global poverty problem is that economists Daron Ase Mogul and James A. Robinson investigate in their books and provide another view of "why the country fails". Acemoglu and Robinson have studied the inequality between the countries, why the country is a symbol of success, why other countries fail. They presented another explanation as to why the country has different living standards and why there is a gap between rich and poor.

Why the country failed, Daron Acemoglu and James A. Robinson: The fact that this book is a 15 year study is clear. The premise of this book is very simple: how comprehensive the system is ethical, and how is a malicious institutional system? Typical excerpts from history, important moments defining national roads, and how national politics are developed are well explained. It is a 500 page sandwich book with only a simple concept, but it never makes me feel repeatedly

In their book "Why the Country Failed", Daron Acemoglu and James A. Robison used "excavators" as a response to their nominal problems. When groups try to concentrate their power and wealth so that the group can manage the state and gain profits, an extracting body emerges. Because each of these processes can hurt the current situation and possibly overthrow one of the top oligarch countries, these countries rapidly lose their innovation, the right process, or the driving force of development. As a result, these types of institutions will become fragile and stagnate.

This is exactly what Dallon Ase Mogul and James Robinson call "The reason the nation fails: the origin of power, prosperity and poverty". Published in 2012, it has a rich history and a wide range of fields. For a rich society, citizens need a comprehensive political and economic system that creates positive feedback loops and virtuous cycles. Meanwhile, mining agencies created a malicious feedback cycle. "There is a strong synergistic effect between the economic system and the political system.The mining and political institution concentrates the power in the narrow elite's hands.Then this system is used to acquire resources from other societies, The latest Republican tax bill is the worst elite rent pursuit, and the political and economic institutions of the United States are declining at a staggering rate.