levy

why nations fail

this book explains, to a large extent, why some societies thrive while others don’t—when combined with average intelligence levels. but why isn’t intelligence alone enough? let me break it down:

we’re all familiar with south and north korea. south korea is incredibly advanced, constantly innovating, producing high-tech goods, and getting wealthier by the day. the country’s per capita income is more than 20 times that of north korea. in fact, due to the poverty and hunger in the north, south koreans are taller and live longer than their northern neighbors. north korea, on the other hand, can’t even feed its people without foreign aid, let alone produce technology.

the reason behind all this is…

read more » oct 15, 2024 3:35 p.m.