Why Nations Fail .

-
Daron Acemoglu, a professor of economics at the Massachusetts Institute of Technology, is the author of Why Nations Fail: The Origins of Power, Prosperity, and Poverty. 

The author says the primary reason for nations failing is that a minority of its citizenry controls political power. His study goes back as far as the Roman Empire. In today’s world, oligopolies and Super PACS are buying our politicians.

This nation will fail when its' free markets fail. Take the time to listen to the podcast. It is clear what must be done

1. Prohibit Corporations and Unions From Financing Political Campaigns by Amending The Constitution
2. Enforce Anti-Trust Laws against Oligopolies & Monopolies!
3. Bring Our Deficit under Control and amend tax code! . More: http://goo.gl/yFYDb

Comments

Post a Comment

Popular posts from this blog

China And The Five Baits

-
Image
If you are under the age of 50 you should be concerned about China from an economic and global power standpoint. Some believe China is seeking peace with the rest of the world. Based on their long history, I am not convinced. For China long term is hundreds of years and for the United States it is the next election cycle. China's focus is always on the long term. Much of this post is drawn from a book,  On China , written by Henry Kissinger, the Secretary of State under President Nixon and a research paper of the National Intelligence Council titled  Global Trends 2030: Alternative Worlds . Whether the future will prove China's desire for peaceful co-existence depends on whether its middle class will sufficiently benefit from economic growth and not allow their leadership to throw it away by creating enemies with trading partners.  This requires the country becoming more democratic and less inclined to be a threat to the remainder of the world.  The jury is still looking
Read More

Keep Freedom on The Internet!

-
Image
Net neutrality under attack:   Don't let Verizon and Google dictate the future of the Internet. Contact the FCC! This post reflects a comment received from Common Cause. It is time to stand up with them and keep the internet free . As the Federal Communications Commission (FCC) considers how to write the rules to protect freedom and openness on the Internet,   who should they turn to: consumers like you and me, or the oligopolistic telecommunications companies?   Verizon and Google announced this week that they have it all figured out when it comes to net neutrality.* They unveiled a policy framework that would give telecom companies the right to speed up or slow down certain kinds of content, and to block outright  applications or content on wireless networks.
Read More

Save Some Art or Save Detroit

-
Image
  This is something I wrote back in 2014 while Detroit was struggling with a bankruptcy. I profess not to know the value of all the art held at the Detroit Institute of Art (DIA). Further, I do not know how much of the art is owned by the city of Detroit. I think we should find out and use it in the best way possible to save Detroit and its citizens. I  commend all the foundations and the state of Michigan who have stepped up with hundreds of millions of dollars in proposed contributions to save the DIA and the art work that it holds. Is the plan presented to the creditors concerning these donations and the leveraging of the art the best way to save Detroit and its citizens? Is saving the artwork more important than saving the city and its citizens? Stephen Henderson of the Detroit Free Press made a valid point with his editorial titled “ Detroit’s Rebirth Must Include More Than Downtown, Midtown “. Detroit will not succeed  if it does not cultivate a middle class and we cannot wait de
Read More