Our Common Good

ThinkProgress spoke with MIT economist Daron Acemoglu, whose new book, Why Nations Fail (co-written by James Robinson), looks at the effect politics and policy have on economic growth and prosperity. Acemoglu said that he believes the most “pernicious” effect of income inequality is that it drains political power from lower- and middle-class Americans and allows the richest to then begin “changing the rules in their favor”

(by ThinkProgressVideo)

  1. coolyourbears reblogged this from proletarianinstinct
  2. silas216 reblogged this from sarahlee310
  3. lunaticprophet reblogged this from sarahlee310
  4. sarahlee310 posted this