Commentary

Millions Flee California’s Predatory Liberalism

By Troy Senik
Thursday, September 27 2012

In their masterful book, “Why Nations Fail: the Origins of Power, Prosperity, and Poverty,” Daron Acemoglu and James Robinson write, “political and economic institutions, which are ultimately the choice of society, can be inclusive and encourage economic growth. Or they can be extractive and become impediments to economic growth. But this means that the choice of institutions – that is, the politics of institutions – is central to our quest for understanding the reasons for the success and failure of nations.” Acemoglu and Robinson’s focus is global, but…

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