Book - WHy Nations Fail

[maverickldr]

Key takeaways to share:

1. Geography or culture do not explain differences in development
2. Differences in political institutions do explain differences in development
3. Pluralist societies create positive cycles of growth
4. Extractive societies restrict freedom and reinforce poverty
5. Foreign aid has never pulled a nation out of poverty

I would have thought for sure #1 was a driver, but alas the authors make a solid argument against it.