A strong case may be made in 2020 is the most "consequential" presidential election in America since 1860! History shows us clearly that nations with "extractive" political/economic institutions struggle economically and are generally poor! For similar reasons, nations with "inclusive" political/economic institutions generally flourish! Nations with "extractive" institutions limit voting rights, free press, rule of law, accountability, and are generally authoritarian in their political/economic institutions!
|