alt Hacker NewsI think you'll find if you actually read the Nobel award, it's about institutions and prosperity. "Elite vs. masses" is one component of some of the models, not a complete theory of civilization.
I think you'll find if you actually read the Nobel award, it's about institutions and prosperity. "Elite vs. masses" is one component of some of the models, not a complete theory of civilization.
Forget reading the award, read the book. Yes, it is about institutions and prosperity. I'm not sure how this negates what I said? The lynchpin of their arguments is their construction of "inclusive vs. extractive institutions". We are talking about an extractive institution here. By design, the scenario described above points away from all of the drivers of democracy they propose. That's all you have to do to piece together that scenario as feasible within their model of civilization.
Beyond that, do you agree that their model is a good model of the world and civilization in general? Do you have a more preferable one in mind?