{"id":200,"date":"2014-10-19T12:37:55","date_gmt":"2014-10-19T12:37:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=200"},"modified":"2014-10-19T12:37:55","modified_gmt":"2014-10-19T12:37:55","slug":"wealth-inequality-is-not-a-problem-its-a-symptom-the-automatic-earth","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=200","title":{"rendered":"Wealth Inequality Is Not A Problem, It&#8217;s A Symptom &#8211; The Automatic Earth"},"content":{"rendered":"<p><a href=\"http:\/\/www.theautomaticearth.com\/wealth-inequality-is-not-a-problem-its-a-symptom\/\">Wealth Inequality Is Not A Problem, It&#8217;s A Symptom &#8211; The Automatic Earth<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><center><a href=\"http:\/\/www.shorpy.com\/node\/14748?size=_original#caption\" target=\"new\"><img decoding=\"async\" src=\"http:\/\/www.theautomaticearth.com\/wp-content\/uploads\/2014\/10\/MasonicMemorial1923.jpg\" alt=\"\" border=\"0\" \/><\/a><br \/>\nNPC\u00a0<b>Dedication, George Washington Masonic Memorial, Alexandria, VA\u00a0<\/b>Nov 1 1923\u00a0<\/center>A comment on an article that comments on a book. I don\u2019t think either provides, for the topic they deal with, the depth it needs and deserves. Not so much a criticism, more a \u2018look further, keep digging, and ye shall find more\u2019. And since the topic in question is perhaps the most defining one of our day and age, it seems worth it to me to try and explain.<\/p>\n<p>The article in question is Charles Hugh Smith\u2019s<a href=\"http:\/\/www.oftwominds.com\/blogoct14\/failed-elites10-14.html\" target=\"new\">\u00a0Why Nations (and organizations) Fail: Self-Serving Elites<\/a>, and the book he references is\u00a0<a href=\"http:\/\/www.amazon.com\/gp\/product\/0307719227\/ref=as_li_tl\" target=\"new\">Why Nations Fail: The Origins of Power, Prosperity, and Poverty<\/a>\u00a0by Daron Acemoglu and James Robinson.<\/p>\n<p>Charles starts off by saying:<\/p>\n<blockquote><p><i>The book neatly summarizes why nations fail in a few lines:<\/i><\/p>\n<blockquote><p><i>(A nation) is poor precisely because it has been ruled by a narrow elite that has organized society for their own benefit at the expense of the vast mass of people. Political power has been narrowly concentrated, and has been used to create great wealth for those who possess it.<\/i><\/p><\/blockquote>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the link \u00a0above for the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wealth Inequality Is Not A Problem, It&#8217;s A Symptom &#8211; The Automatic Earth. &nbsp; NPC\u00a0Dedication, George Washington Masonic Memorial, Alexandria, VA\u00a0Nov 1 1923\u00a0A comment on an article that comments on a book. I don\u2019t think either provides, for the topic they deal with, the depth it needs and deserves. Not so much a criticism, more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[279,418,425,553,643,822,848,868,869,888],"class_list":["post-200","post","type-post","status-publish","format-standard","hentry","category-economics","tag-eu","tag-imf","tag-inequality","tag-nato","tag-power","tag-un","tag-usa","tag-wealth","tag-wealth-inequality","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=200"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/200\/revisions"}],"predecessor-version":[{"id":24693,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/200\/revisions\/24693"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}