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Essay / Why Nations Fail - 1632
Acemoglu shares that he fears that the growing economic inequality gap in the United States will eventually disrupt the equality of American institutions as well. He says: “The real problem is that economic inequalities, when they become this large, translate into political inequalities. » If a single person or group can finance an entire campaign, one can expect the elected official to be reluctant to listen to and work with those who have divergent opinions. Since elected officials play an important role in determining economic policy, it is crucial that they are elected fairly and represent the views of the nation as a whole, not just a certain group of people. interest that finances their campaign. It was also interesting to read about how America got to where it is today, regarding the political system. The authors explain: "Countries like Britain and the United States became rich because their citizens overthrew the elites who controlled power and created a society where political rights were much more widely distributed, where government was responsible and attentive to citizens, and where the great mass of the population could benefit from economic opportunities. I wonder what caused the United States to go from a very politically egalitarian country to a potentially very biased country?.