Quotes
The people who suffer from the extractive economic institutions cannot hope for absolutist rulers to voluntarily change political institutions and redistribute power in society. The only way to change these political institutions is to force the elite to create more pluralistic institutions.
We are living in an age that is even more blindly optimistic and more elitist about technology than the times of Jeremy Bentham, Adam Smith, and Edmund Burke. As we document in , people making the big decisions are once again deaf to the suffering created in the name of progress
In fact, a thousand years of history and contemporary evidence make one thing abundantly clear: there is nothing automatic about new technologies bringing widespread prosperity. Whether they do or not is an economic, social, and political choice.
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