Topic > Why Nations Fail - 1632

Acemoglu shares the concern that America's growing gap in economic inequality will eventually destroy the equality of American institutions as well. He states: “The real problem is that economic inequality, when it becomes so large, translates into political inequality.” If a single person or group can fund an entire campaign, it is predictable that the elected official will be reluctant to listen to and collaborate with those who have opposing views. Because elected officials play an important role in determining economic policy, it is critical that they are elected fairly and that they represent the views of the nation as a whole, and not just a particular interest group that finances their campaign. It was also interesting to read how America got to where it is today, as far as the political system goes. The authors explain: “Countries like Great Britain and the United States became wealthy because their citizens overthrew the elites who controlled power and created a society in which political rights were distributed much more widely, where government was responsible and responsive to citizens, and where the great mass of people could take advantage of economic opportunities.” I wonder what caused the United States to go from being a very politically egalitarian country to potentially being very biased