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A review by thiago
The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities by Mancur Olson
5.0
TL;DR: parasitic coalitions - unions, subsidized industries, licensed professions, etc - multiply, causing distributive conflicts and allocative inefficiency, and those coalitions can’t be destroyed unless there is radical institutional change, like foreign occupation or totalitarianism.
There are lots of political, social, and cultural implications. But we can't do much about any of that, so instead I wrote about the financial implications - what does Olson's argument mean for our savings and investiments? It's here: http://thiagomarzagao.com/2021/02/11/olson/
There are lots of political, social, and cultural implications. But we can't do much about any of that, so instead I wrote about the financial implications - what does Olson's argument mean for our savings and investiments? It's here: http://thiagomarzagao.com/2021/02/11/olson/