“As American inequality rises, is the economy at risk of elite interest groups gaining political power and stifling competition?
Throughout history, this is how prosperous nations have lost their edge, according to “Why Nations Fail” byMIT economist Daron Acemoglu and Harvard political scientist James Robinson. Controlling elites block innovation to protect their own interests and growth eventually stalls.
Could that happen here?”
If you enjoy the content at iBankCoin, please follow us on Twitter