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expired Posted by phoinix | Staff • Aug 10, 2024
expired Posted by phoinix | Staff • Aug 10, 2024

Why Nations Fail: The Origins of Power, Prosperity, and Poverty (eBook)

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Various Retailers have Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu, James A. Robinson (eBook) on sale for $1.99.

Thanks to Community Member hwrhs87 for sharing this deal.

Available Retailers:About this title:
  • Page Length: 544 pages
  • Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?
  • Is it culture, the weather, geography? Perhaps ignorance of what the right policies are?
  • Why Nations Fail will change the way you look at—and understand—the world.

Editor's Notes

Written by jimmytx | Staff
  • About this Store:
  • Additional Information:
    • Rated 4.5 out of 5 stars on Amazon based on over 8580 customer reviews.
    • Please see the original post for additional details and/or view the Wiki and forum comments for further helpful discussion if available.

Original Post

Written by phoinix | Staff
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Community Notes
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Product Info
Community Notes
About the Poster
Various Retailers have Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu, James A. Robinson (eBook) on sale for $1.99.

Thanks to Community Member hwrhs87 for sharing this deal.

Available Retailers:About this title:
  • Page Length: 544 pages
  • Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?
  • Is it culture, the weather, geography? Perhaps ignorance of what the right policies are?
  • Why Nations Fail will change the way you look at—and understand—the world.

Editor's Notes

Written by jimmytx | Staff
  • About this Store:
  • Additional Information:
    • Rated 4.5 out of 5 stars on Amazon based on over 8580 customer reviews.
    • Please see the original post for additional details and/or view the Wiki and forum comments for further helpful discussion if available.

Original Post

Written by phoinix | Staff

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Top Comments

The US federal deficits have grown larger under Republican administrations than Democratic.

Don't fall for the grift again.

"Blinder and Watson reported that budget deficits tended to be smaller under Democrats, at 2.1% potential GDP versus 2.8% potential GDP for Republicans, a difference of about 0.7 of a percentage point. They wrote that higher budget deficits should theoretically have boosted the economy more for Republicans, and therefore cannot explain the greater GDP growth under Democrats.

Since 1981, federal budget deficits have increased under Republican presidents Reagan, both Bushes and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The economy ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969. The deficit was projected to decline sharply in Joe Biden's first fiscal year"

https://en.wikipedia.org/wiki/U.S...t_deficits

https://presidentialdata.org/

Google for yourself. Plenty of research available in this area, including Republican administrations being in office for 10 out of the last 10 recessions.

Yes, the government needs to cut spending in many areas. You just may have the parties reversed. The party that wants "smaller government" wants to cut any regulations that cost corporations money to keep getting themselves rich. Thats the difference. Its not for the benefit of the country, or cutting the deficit. Its for growing the wealth of the 1% and keeping them in power.
Why do I need to read this when I'm living it in real time?
It's odd that people don't understand the concentration of wealth into the hands of a very small number of people is a problem.

What is it about Jeff Bezos and Elon Musk that expecting them to pay a fair amount of tax immediately evokes the 'Marxism' bit? Why are you willing to kill the middle class to save these guys a few bucks they won't even miss?

59 Comments

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Aug 10, 2024
215 Posts
Joined Apr 2015
Aug 10, 2024
OctavioH1130
Aug 10, 2024
215 Posts
I'm confused by some of the reviews
Aug 10, 2024
1,884 Posts
Joined Apr 2021
Aug 10, 2024
AmusedPanther530
Aug 10, 2024
1,884 Posts
Terrible book, and bad direction of focus.
2
10
Aug 11, 2024
3,185 Posts
Joined Dec 2015
Aug 11, 2024
WB_K
Aug 11, 2024
3,185 Posts
Because fundamentally it is built on ego and materialism which is doom to have periods of ups and downs. Actions and events, in themselves, are not the sole aim of judgment or the root cause. It is rather the motivation of each person behind such outcomes and how we define the forces driving us forward everyday that makes the suchness noble or there not, as well as the deciding factor in what repeats. Remove ignorance, and constantly challenge your belief of how less ignorant you are. You can only be less of it as long as you continue to accept that you have more to learn. The day we think we are right and have nothing to learn from every lesson in life, is every moment we grow not. Be compassionate and loving, and know there is only one ultimate love, that exist above conventional love. It's not a right or wrong thing but a "just is" reality.
1
3
Aug 11, 2024
73 Posts
Joined Sep 2018
Aug 11, 2024
GreyTank1078
Aug 11, 2024
73 Posts
Read this a few years ago, it really does change how you might look at economic development. Very interesting read if you're into economics.
1
Aug 11, 2024
1,013 Posts
Joined Feb 2023
Aug 11, 2024
MapleAcer
Aug 11, 2024
1,013 Posts
Why do I need to read this when I'm living it in real time?
3
2
Aug 11, 2024
3,050 Posts
Joined Dec 2012

This comment has been rated as unhelpful by Slickdeals users.

Pro
Aug 11, 2024
416 Posts
Joined Jun 2022
Aug 11, 2024
sdsnake
Pro
Aug 11, 2024
416 Posts
Quote from MapleAcer :
Why do I need to read this when I'm living it in real time?
You pretty much sum up the whole book in one question.

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Aug 11, 2024
3,075 Posts
Joined Sep 2006
Aug 11, 2024
Giantcrazy
Aug 11, 2024
3,075 Posts
Quote from pmperry :
Sounds a little Marxist to me.
It's odd that people don't understand the concentration of wealth into the hands of a very small number of people is a problem.

What is it about Jeff Bezos and Elon Musk that expecting them to pay a fair amount of tax immediately evokes the 'Marxism' bit? Why are you willing to kill the middle class to save these guys a few bucks they won't even miss?
21
Aug 11, 2024
101 Posts
Joined Feb 2008
Aug 11, 2024
flintlock
Aug 11, 2024
101 Posts
Quote from Giantcrazy :
It's odd that people don't understand the concentration of wealth into the hands of a very small number of people is a problem.

What is it about Jeff Bezos and Elon Musk that expecting them to pay a fair amount of tax immediately evokes the 'Marxism' bit? Why are you willing to kill the middle class to save these guys a few bucks they won't even miss?
Elon and Bezos have the best bootstraps, available now via monthly subscription, see inside for more offer details.
2
3
Aug 11, 2024
4,394 Posts
Joined Dec 2004
Aug 11, 2024
kerplunk
Aug 11, 2024
4,394 Posts
Quote from Giantcrazy :
It's odd that people don't understand the concentration of wealth into the hands of a very small number of people is a problem.

What is it about Jeff Bezos and Elon Musk that expecting them to pay a fair amount of tax immediately evokes the 'Marxism' bit? Why are you willing to kill the middle class to save these guys a few bucks they won't even miss?
Thank you Bernie
3
15
Aug 11, 2024
936 Posts
Joined Jun 2022
Aug 11, 2024
TheBigCPabster
Aug 11, 2024
936 Posts
Quote from pmperry :
Sounds a little Marxist to me.
Yes, just as they intended.
4
Pro
Aug 11, 2024
1,926 Posts
Joined Nov 2010
Aug 11, 2024
MasterRigger
Pro
Aug 11, 2024
1,926 Posts
Why nations fail? Extremism. The far right, left, gluttony, religion, love, hate.

Anything in excess is a mess.
7
Aug 11, 2024
546 Posts
Joined Oct 2005
Aug 11, 2024
airtas
Aug 11, 2024
546 Posts
Lack of education, lack of religion separation and social media are my current reasons.
1
8
Aug 11, 2024
541 Posts
Joined Oct 2013
Aug 11, 2024
saimatank
Aug 11, 2024
541 Posts
Bought for 0$ after credits then got Audible version for $7.20

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Pro
Aug 11, 2024
1,264 Posts
Joined Jun 2010
Aug 11, 2024
incarnate
Pro
Aug 11, 2024
1,264 Posts
Quote from kerplunk :
Thank you Bernie
Gotta make sure you don't get taxed more when you become the next Musk, right? I'm sure you're well on your way.

The problem is that the working/middle class are not sharing fairly in the profits from companies these days. The wealth is being consolidated to company executives and investors. All those billions in profits go back to them in various forms, including stock buybacks to prop up stock prices.

The workers should be able to have a portion of those profits, but then that would destroy the stock prices for the rich.

It has nothing to do with "Bernie" Its reality.

Here is a nice graph. Unfortunately it only goes to 2020, and it has gotten exponentially worse since then.

https://www.pewresearch.org/short...ss_03-png/
9

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