MIT economist Daron Acemoglu, who co-authored Why Nations Fail with Harvard’s James Robinson, says that this kind of political inequality is a product of widening economic disparities. “It’s a general pattern throughout history,” he told Think Progress. “When economic inequality increases, the people who have become economically more powerful will often attempt to use that power in order to gain even more political power. And once they are able to monopolize political power, they will start using that for changing the rules in their favor. And that sort of political inequality is the real danger that’s facing the United States.”
Posted on: Mon, 02 Sep 2013 03:33:53 +0000
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