Tuesday 3 September 2013

Girl holds a gun across her lap, as she sits with a Free Syrian Army fighter along a street in Aleppo

    Syria needs liberal
    capitalism, not missiles


    I think this might describe all existing states to one extent or another.

    "By contrast, the second group of countries, which include Syria, Egypt and all of the other failed states globally, have been saddled with what Acemoglu and Robinson describe as extractive political institutions. These are deliberately designed to grab the incomes and wealth generated by the economy for the benefit a small elite and are buttressed by equally extractive political institutions which have handed all the power to these same few, with limited or no checks and balances and no rule of law. In these countries, the best and often only way to get rich is to have good connections and to exploit the power of the state to crush competitors."

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