Why Nations Fail

Daron Acemoglu, a leading author and expert on political economics, dives deep into the reasons nations succeed or fail. He discusses the critical differences between extractive and inclusive institutions, and how these frameworks impact economic prosperity. The conversation challenges long-held beliefs about geography and culture, emphasizing the importance of human agency and institutional dynamics. Acemoglu also examines barriers to social mobility in the U.S., highlighting systemic issues that perpetuate inequality and hinder progress.