Excellent points. Cheers Barry. Also note: Acemoglu and Robinson's great classic Why Nations Fail to confirm how inclusiveness strengthens an economy. In a recent article they note how we lost our mojo, and are now on the route back to Feudalism.

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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