"Live Players" with Samo Burja and Erik Torenberg cover image

What Causes Institutions to Flourish?

"Live Players" with Samo Burja and Erik Torenberg

Value of Long-Term Thinking and Positive Outliers in Government Systems

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Aristotle's approach in the Constitution of Athens was descriptive rather than prescriptive, emphasizing the impact of political systems on citizens' quality of life and societal outcomes. While not all regimes are purely democratic, having democratic elements is crucial for stability. The case of Singapore highlights the value of long-term vision over excessive focus on process controls. Governments should recognize the importance of positive outliers in maximizing their potential and achieving remarkable transformations, as seen in Singapore's journey from a third world to a first world country.

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