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Vahyala's avatar

An absolute banger of an essay. I particularly liked this portion:

"But this is also a political choice that requires a hard break from a stable equilibrium. Political leaders can invoke development rhetorically, but they are rarely committed to it. Development required sustained and broad economic growth, rules rather than discretion, taxation rather than predation, and a certain restraint on the use of force. It expands the number of actors with assets to protect and claims to make. It raises expectations about services, fairness, and accountability. In short, it increases the political costs of rule. For this reason, development is not always the preferred strategy for maintaining power".

Before I finished the piece I knew you had read North, Wallis & Weingast's seminal article. This essay is the kind of one that should especially be force fed to a number of our silly Governors until they actually do something productive with their "mandates".

Oluwaseyi Akinfosile's avatar

😤Where does one even start. A state with so weak a capacity, it exist only to extract resources and apportion them to a select few.

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