Apartheid ended in South Africa 30 years ago. How can today's inequality be because of that after 3 decades? Why is their capital city running out of water? How much time does South Africa, once the most prosperous country in Africa, going to survive when all their means of production are gone?
Hello world! If you want to get a clear and detailed summary of "Why Nations Fail" by Daron Acemoğlu & James A. Robinson + the critics of the book, I just made this animated video that may be of help for you : ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rNSna19Iwcg.html
Two points. Why is inequality inherently bad? In the US, for example, though inequality rose, everybody got wealthier, the poorest stratum included. Secondly, Mark Zuckerberg may not have showed up once (fake news regulation is in discussion), but is now striving for more, even global regulations of social media. These regulations seem to help big players and increase entrance burdens for new firms, don‘t they?
that is the rate of exploitation. You have to compare the bottom relative to the top. It does not matter if the bottom has minimally improved if the top has drastically
