Why nations fails - Review

Short summary:
Why nations fail explores on why nations fail.
Spoiler alert: Extractive political and economical regime VS inclusive political and economical regime.

Stats gain:
World History +3
Politics +2
Economic +2

Special attribute:
Academic, Rare knowledge

Why would I want to read this book?
Studying world history or the sociopolitics of other nations is not something that come across most people's life. I mean seriously, what is the usefulness of such knowledge?
For me however, it is precisely because I most definitely will not stumble across such knowledge in my daily life that this book is so worth reading. This book showed me a world and a time that I otherwise will have no chance acquainting.
After reading this book, one see any policy as extractive or inclusive and perhaps even able to foresee the mistakes of policy makers and why some policies is doomed to fail,
One will gain opinions on the prospect of any institution, be it a club, a company or a nation.

Notes:
Extractive institution - Institution where the top extract the power or wealth from the lower social class.
Inclusive institution - Institution where everyone is included and have a say in power/ wealth.

Critical Juncture - A time where the underlying institution structure is shaken due to any reason, and change is given a chance to happen.


Why Nations Fail official site
Amazon page
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