Inquiry: Book Club for Inquiring Minds discussion

Event is on February 12th, 2022. 4pm EDT.
Follow Meetup link to online event:
https://www.meetup.com/Inquiry-Non-Fi...

While reading the book, consider the below questions:
•What is the raison d’etre of the book? For what purpose did the author write the book?
•What are political institutions?
•What are economic institutions?
•What makes political and economic institutions inclusive? What makes them extractive?
•Why do inclusive institutions create more inclusion while extractive institutions keep extracting?
•Who creates the rules? Who enforces the rules?
•What is creative destruction?
•Why are critical junctures important?
•Why is government needed?
•What is the dual economy?

Your questions are important and will take priority. If you have questions about the book's content or related ideas, either let me know what your questions are or raise them during the discussion.

My Review of the Book:
https://www.inquiryreviews.com/2021/1...

Upcoming event:
https://www.meetup.com/Inquiry-Non-Fi...

f you would like to help support this group and help cover the costs of running it, you can donate via Zelle, PayPal, or Venmo. You can send money to eugenefrominquiry@gmail.com. This is not a requirement. Just an option. If you feel that you get a lot out of the events, this allows you to support the group (and me primarily) financially. It will be much appreciated.

(If my official name is need, let me know and I will let you know what it is.)

Summary from Goodreads (Abbreviated):
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?

Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence?

Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories.

Why Nations Fail will change the way you look at—and understand—the world.