Daron Acemoglu on Why Nations Fail
EconTalk
00:00
Economic Losers and Political Losers
There's a puzzle as to why these autocrats don't just pass good economic policies and take more. Sharing of the pie is not separable from what it sizes, he says. The changes that will make the pie bigger also change the distribution of political power. And if you're interested in your own bottom line, you know the changes are also going to unseat you.
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Transcript
