"Consider the divergent paths of the United States and Mexico. Blaming this disparity on the ignorance of the leaders of the two nations is, at best, highly implausible. It wasn’t differences in knowledge or intentions between John Smith and CortĂ©s that laid the seeds of divergence during the colonial period, and it wasn’t differences in knowledge between later U.S. presidents, such as Teddy Roosevelt or Woodrow Wilson, and Porfirio DĂaz that made Mexico choose economic institutions that enriched elites at the expense of the rest of society at the end of the nineteenth and beginning of the twentieth centuries while Roosevelt and Wilson did the opposite. Rather, it was the differences in the institutional constraints the countries’ presidents and elites were facing. Similarly, leaders of African nations that have languished over the last half century under insecure property rights and economic institutions, impoverishing much of their populations, did not allow this to happen because they thought it was good economics; they did so because they could get away with it and enrich themselves at the expense of the rest, or because they thought it was good politics, a way of keeping themselves in power by buying the support of crucial groups or elites."
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Activists from the United StatesMilitary leaders from the United StatesSocial activistsMedal of Honor recipientsNobel laureates from the United States
Original Language: English
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Sources
Daron Acemoglu and James A. Robinson, Why Nations Fail: The Origins of Power, Prosperity, and Poverty (2012)
https://en.wikiquote.org/wiki/Theodore_Roosevelt
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Theodore Roosevelt
1858 – 1919
26. Präsident der Vereinigten Staaten von Amerika (1901-1909)
420 quotes on TrueQuotesView all quotes by Theodore Roosevelt →
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