Tom Friedman's op-ed today was a riff on Why Nations Fail, a new book from MIT economist Daron Acemoglu and Harvard political scientist James Robinson. Per Friedman, the core thesis of the book is the long-term instability of "extractive" as opposed to "inclusive" political and economic systems:
"Inclusive economic institutions that enforce property rights, create a level playing field and encourage investments in new technologies and skills are more conducive to economic growth than extractive economic institutions that are structured to extract resources from the many by the few."
For anyone working in the "digital creative economy" -- the weird little tribe of engineers, designers and venture capitalists that I count myself a part of -- this thesis borders on the obvious.
To read the full, original article click on this link: Crash Dev: "Why Nations Fail" + The Innovation Economy
