The only difference between rich and poor countries

This theory explains why some dictatorships have been successful, democracies have been successful and socialist nations like China.

Prosperity is more tied to rule of law than it is to the form of government or even the economic model.

I’m just tldr acemogelus theory in Why Nations Fail.

Basically, in countries without solid court systems/rule of law, you see a lack of long term investment.

Why start a shop if the local gang is just going to burn it down? Why send your goods to a store on net 30 payment if you don’t think you’ll be able to hold them accountable for the bill in court?

Without law there is no long term investment and thus no economic prosperity.

This theory has substantial explanatory value when you put it up against the real world.

OK, OP, why can only blue eyed people follow the law? The US used to be majority blue eyed and that's why it prospered and now that it's like 25% blue eyed it's turning to a 3rd world shithole

spare us

You are not wrong but law is just one factor. The reason why we are rich and they are poor is because we invented institutions which includes law but also things such as education, security, capital accumulation, democracy, and investment over diversion play a huge role. Another major influence was Judeo-Christianity which beliefs in linear time and concepts such as good and evil which allowed humans to measure and record which let to advancements in modern science. It also allowed for writing. All these things were banned or looked down upon in China and the Middle East at the time due to Islam where nations where ruled by slave armies and a small group of religious elite, giving Europe a monopoly on technological progress. You should check out the book Introduction to Economic Growth by Jones and The Wealth and Poverty of Nations by Landes.

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These other things can’t exist without law. Nobody would have make the investments to make the money to fund things like education. Those things cause economic growth but law and order is required first.

Sure but you can have societies that fail with only law and order like dictatorships. More than just law and order are required to build a nation. Those are just the foundation but you need walls and a roof too.

Again I am saying the rule of law explains why some nations fail.

It can also explain why some neighborhoods fail.

There may be other explanations to why some nations are unable to get a grip on their law and order situation.

This.

Russia is white, beat US to space, but is still a poor corrupt shithole because no rule of law.

They are Anarcho-capitalists, there are only laws if you do not have capitalist motivations to be above them.

If people think their long term investments won’t be safe, they won’t invest (in a company in a business in their own education)

Just because you for once completed a book for one of your ungrad courses does not mean you have to behave like a turbo faggot.

They don’t have strong enough rule of law. This, corruption is rampant.

>rule of law
Is a racial construct.

Just because I thought you something doesn’t mean you have to be scared of me

Nigger Acemoglu is a famous economist. I am familiar with his work. He argues the same. Do your homework.

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Any more stupid questions?

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I’m here to help you.

Any more stupid responses, Becky?

Dictatorial rule is not "rule of law." By definition, rule of law means constraint of power by a system of laws. But absolutism also works and creates functioning nations, so the claim that rule of law is necessary is false.

He’s at MIT so it goes without saying he’s famous.

Prosperity does not require individual investment. The state can invest, which actually works better than individual investment.

Yes, Acemoglu is right about the rule of law, but he doesn't touch other related areas.

For example, he could have asked "Why is it that some nations can establish systems with rule of law?"

Culture, genetics matter in economics a lot more than you would think.

That being said Acemoglu is a better development economist than Jeffrey Sachs.

Acemoglu did a lot of research into oil producing economies. He analysed how oil producing countries ruin their non-oil industries and thereby their economic structure.

But even Acemoglu admits that environment matters in economic development, especially when it comes to diseases like malaria or animals like venomous snakes. These can be an impediment to economic development as well.

Economic development is not a single issue thing. There are a number of factors which determine the development of a country.

Different countries are different, they need different economic development programmes. There is no one size fits all economic development programme.

>Acemoglu is right about the rule of law
No, he isn't. This book is just liberal propaganda that is destroyed with a few counterexamples or picking apart the false assumptions. Like most economists, this guy is a retard and propagandist.

What if rich countries instigate civil wars and corruption in poor country’s for resources and land? That would completely destroy the poor country’s effort to uphold law and order.

Cringe

I agree. This low IQ turkroach's neoliberal propaganda is extremely cringe

>what is IQ

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Colonists death due to malaria rates tend to be used as an instrumental variable to measure institutions. In places with deadly diseases like malaria colonists would extract wealth and divert it back to their nation, while in places without infectious disease they would settle and setup institutions to address collective action problems through economic coordination and redistributions, known as being a stationary bandit apposed to a roving one.

IQ is influenced by your environment. Nutrition and education play a large role let alone security and order.

This is basically the first chapter of Thomas Sowell's Basic Economics.

IQ is for a big part genetic.

Suck my balls, Chang.

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Posted from inside a Walmart?

>Nutrition and education
lol.

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Its a mix of both for sure. You are born with a baseline but its not static and can fluctuate within it's domain by environmental factors. However, you could argue this is classic endogenous problem as environmental factors influence your DNA and in some cases get carried on to the offspring so most likely IQ resembles the characters positive feedback system that exhibits exponential growth. The famous Dutch Famine study is a great example of this.

The chinks have no rule of law (despite contrary reports) and they're about to become the world's most prominent superpower.

Nations without rule of law have been successful, and nations with rule of law have been unsuccessful. Therefore rule of law is neither necessary nor sufficient for success of a nation. QED. This turkroach is a low IQ tard

>CN gt105
Fucking hell, that's some fake shit.

>Nations without rule of law have been successful.

You cannot have a nation without rule of law you stupid mutt.

>dictatorships have rule of law
You don’t understand rule of law

>You cannot have a nation without rule of law
Yes, you can. Learn the definition of "rule of law" dipshit. Any form of absolutism is not rule of law, by definition.

Give us an example of a successful nation without rule of law.

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Okay but race determines the propensity for violence and criminality in society so your point is moot

Jews subvert and blacks commit crimes (13%= 50%)

Hence these are the two most significant variables

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How do they even get a foothold in the first place?

The Australian government can set immigration quotas if it wants

Presumably Jews are opening the borders just like in every other commonwealth nation

Obviously. What's the ground breaking point here?

Did the cameraman film the tard attacking the bee hive for entertainment purposes?

That’s fucked up

China. I've been to China. All this shit about "totalitarian state under strict surveillance" is 100% bullshit. In truth China has more freedom than anybody else. When I was there, people shit on the Internet, people peed on the side walks, there were old people sneaking up behind young women, etc. The Chinese government has nearly no control over its populace and relies on the outside perception that Chinese society is under strict control to keep everybody in line. This is not surprising though. Throughout all of Chinese history local warlords have always held the true power while the emperor could do nothing more than beg them to comply. Same thing with local governments laughing at CCP demands most of the time.

Chinese "society" is one big shitshow yet miraculously it works and is producing a powerful economy and military. All of this with no true rule of law. The truth is that if you want a successful society then you need conformity above all else. It has more to do with culture than legality.

>How do they even get a foothold in the first place?
>Presumably Jews are opening the borders just like in every other commonwealth nation
Yes.
They come in as "innocent" immigrants, and then they set to work on behalf of their mother country to subvert their host nation. Sound familiar? Get the book, seriously. It'll be the best $20 you ever spend if you want to understand what the fuckheads are up to. It even explains the chink internet astroturfing.

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people shit on the street*

They are completely uncivilized.

Rule of law only exists to further a race. If the children of the people enforcing and upholding the laws aren't the ones benefiting from the laws, then the future will belong to the people not enforcing or upholding the laws. Anyone saying biology doesn't matter, yet prioritizes their own children is a hypocrite.

>What's the ground breaking point here?

>points to a thing caused by race that causes some problem
"see - problem is not caused by race!"
the groundbreaking point is that they will publish, quote and pamper any disingenuous BS that points outside of race as cause of societal issues

Howdy, Chang. Why don't you have a hearty suck on my large Caucasian cock? Here is what you filthy subhumans are, and wenn der Tag kommt, you people are going to wish we were as kind to you as we were to the Japanese. Hopefully we will just simply round you cunts up and pack you into shipping containers, thereafter to be "lost at sea" on the way back to your benighted homeland.

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thats retarded. Rule of Law is the result of civilized people, not the cause of it.

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China, East Germany, monarchist France, third Reich, etc. There are probably more examples of successful nations without rule of law than examples of successful nations with rule of law.

In fact, it could be argued that rule of law never truly exists, since looking closely enough one could find some sovereign group or individual that acts above the law, if not de jure then at least de facto, in pretty much any society. Some societies just have this established formally and it is overt, while in others it is informal and operates covertly.

Not a chang you tard, just perplexed at howmuch the chinks are rising in power despite china being an uncivilized shithole compared to Japan and SK. Just gotta love how incels make these accusations against guys that have bleached whores in all of south east asia. Even with people acting like literal chimpanzees you can still make a society work as long as they learn to stand in line.

There was rule of law in the USSR. It still failed. Economics matters.

Geography also matters.as do demographics...and plenty of other things, come to think of it. No one denies rule of law is vital. But reducing it to almost that alone seems silly, and yet another desperate attempt by liberal types to deny that demographics is destiny

China and monarchist France yes, but East Germany and Third Reich no. At least the Germans knew how to behave and obey the law. In France aristocrats could do whatever they wanted and in China it was completely the rule of the jungle with mob violence deciding everything.

> Judeo-Christian
Fuck off

>stand in line
>China
lol. Good one.
>I've been to China
Clearly not, or at least you haven't been anywhere near the trains, where uncivilised ant-like behaviour is de rigueur.

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Found the mongoloid.

cringe

False

...

>Why don't you have a hearty suck on my large Caucasian cock?
Has lower IQ
Resorts to >muh dick
pottery

>correlation is causation

it's all so (((tiresome)))

Howdy, Ivan. How's that lack of hot water working out for you?

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>lack of hot water
did I miss some news or smth?

They don’t have Protestantism. Europe is a bunch of niggers too until Luther

Do you mean that actual substance of the the law isn't important but what matters is that law exists and is being enforced?

I can't fucking believe it, somebody wake me up

100% correct. rule of written law is both the foundation and the very essence of civilization. it's why the jews came for it first.

Unless you missed the reality of your own country, then no, I suppose.

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Rule of law does not mean "people obey the laws." It means that the power of the state authorities are constrained by the law, that nobody is supposed to be above the law.

These numbers are embarrassingly wrong. Lynn is a shit tier academic.

Race and IQ is clearly real, but Lynn is flat out garbage

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A lot got invented in China, but did not get institutionalized due to lack of property rights and the influence of Islam. Most of the inventions (eg: number system, printing press, gun powder, mechanical clock, etc) that the Europeans improved upon came from China through the Arabic world due to trade facilitated by the Silk Route. Chinese society at the time perceived time as something personal and did not allow the act of writing or recording things down, hence inventions where lost and smuggled outside of China, where they were able to evolve due to free market economics.

oh, you're shit talking a government utility you don't even have in your country taking a break for a month?
I don't live in an apartment anyways so it's not my concern - have to live like you barbarians, heating water at the point of use

>When I was there, people shit on the Internet, people peed on the side walks, there were old people sneaking up behind young women, etc
You don't understand the difference between freedom and license. Freedom is not simply "the ability to do whatever you want and get away with it", or at least if it is, it's a very cheap (and often worthless) type of freedom.

In a place with a strong rule of law and shared social values, you will have the freedom to walk down the street without being subjected to the sight of people shitting and pissing everywhere, your daughter, sister, or wife will be free from random guys sexually harassing them.

There a lots of different concepts of freedom, and it's a shame that licentiousness has become the dominant one in the West in recent decades. A musician who studies and practices for many years will have the freedom to improvise or sight-read in ways that a novice musician can't. A professional dancer who practices the craft for a long time will be free to move in ways a novice can't.

Reducing freedom to merely license is silly, and a large part of what is wrong with the modern world. Unchecked Liberalism produces degeneracy.

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Thank you. This is literally the only necessary single line rebuttal to OP and his entire dumb book.

Fuck off. There hasn't been a significant invention or innovation from chinks in literally 1,000 years. They're so fucking stupid that even with 1.3 billion of the fuckheads, they can't even find 11 dudes bright enough for a soccer team.
Idiot.

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In your ideology maybe. Rule of law = predictable consequences. This too is the ONLY requirement for having well adjusted kids

Private property law. If it's reliable, the nation will prosper. Simple.

Was the working title for his book: "No Shit, Sherlock"?
Societies break down without the rule of law. Wow! Big reveal.

It sounds like the authors (and the book's promoters) are really just desperate to encourage people not to recognize the importance of demographics, culture, etc... Another "Guns, Germs, and Steel"

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These two are 100% the same person
also retarded
muh chinkese invented printing press and cleoks ande whatevr de fuk

No they fucking didn't we came to them with clocks not them to us
If they invented it they would have it

He's from holland so he's probably fucking baked right now

Cute

Poster wants to feel gasm. Cry rivers

Chinks are wired completely differently. Normal people are taught "Don't Lie, Don't Cheat, Don't Steal", but chinks are only taught "Don't get caught."
Truth.

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Rule of Law.
Yup.
Low IQ peoples can't comprehend the Rule of Law
Hence shitholes
Jews subvert the rule of law, it's in their pilpully DNA
And here we are...

>Guns, Germs, and Steel
Fuck off, nigger.

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Wrong and a perfect example of what I am talking about. The first recorded mechanical clock was invented somewhere in 700 AD by a Buddhist in what is today modern China. However, this knowledge. The first recorded mechanical clock invented in Europe was in late 900 AD by a German who was inspired by drawings and tales he read that came from the Middle East. Ideas are not unique, in fact they are non rivalrous. Everywhere across the world thousands of people have similar ideas, but very few record these down, and even less get discovered by peers and improved upon. Inventions are not mana from heaven and require the right environment, time and some luck to become successful.