Book Summary: Why Nations Fail – Understanding why countries are rich or poor(hundred.substack.com)
hundred.substack.com
Book Summary: Why Nations Fail – Understanding why countries are rich or poor
https://hundred.substack.com/p/number-1-why-nations-fail
13 comments
Not a single mention of colonialism huh
The book does talk about that extensively.
It's the largest theme of the book, and it should really be part of this summary. I'll update it. Thank you for this.
EDIT: I added this at the end of the summary with two examples. Thanks again for the feedback.
EDIT: I added this at the end of the summary with two examples. Thanks again for the feedback.
In that case, how the heck could you have written a book summary without mentioning that? I don’t mean any disrespect to you personally, but this review seems like a bunch of cherry-picked points (whatever appealed to you) which might well completely side-step what the authors had in mind! We can consider this an exhortation of your views on your blog (which is okay to discuss), but it’s really unfair to the book/authors to pretend that it’s an accurate summary of their work that we’re discussing.
Thank you for the feedback.
My objective was to condense the main thesis of the book which is that there are Inclusive or Extractive institutions, self-reinforcing through virtuous or vicious circles, and that the process of Creative Destruction is critical within this system.
I tried to anchor all examples within these main ideas. I think this gives you a shallow high level understanding of the book. But to make sure that it's not only my view or summary abilities, I added a few more reviews at the end which serves as counter to the Authors' ideas.
Thanks, I do appreciate you linking to other reviews (Bill Gates’, the book authors’, etc.) — I found those very useful to map out a more holistic picture. Might be better if you post this message (with links) at the very top of the article.
It's been a while since I read the book but I vaguely remember it discussing the differences and effects of British and Spanish colonialism.
Probably relevant: "IQ and National Success" https://youtu.be/8u0Lmp_jHw8?t=332
Great summary.
Probably good follow on reads would be the classical "An Inquiry into the Nature and Causes of the Wealth of Nations" by Adam Smith and "The Competitive Advantage of Nations" by Michael Porter.
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Thank you for your feedback! Wonderful recommendations, will take a look.
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