07 May 2009

Rational Revolutions

This guy clearly hasn't read his Acemoglu and Robinson (who are neatly summarised in Chapter 8 - "Rational Revolutions" of Tim Harford's "Logic of Life" - which, by the way, is generally a really great read).

In a nutshell, why on earth would an emerging middle class want democracy if it means poor people voting for higher taxes?

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