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Divya Goyal

Ex-Nomura, SVC'23 • 4m

Recently, I've been reading "Why Nations Fail", the Nobel Prize Winning book and I have some thoughts. 1. I like the idea that whenever governments have been exclusive, it has resulted in entire countries being worse off, hence making inclusivity an important factor of decision making. 2. However, I don't agree with the idea that every success story could be defined by "inclusivity". China would never have succeeded if that were the case. I think more credit needs to be given to geography, resources etc. 3. Only a few chapters in but while the Spanish Conquistadors are portrayed as vile, torturing humans. Englishmen in America are almost shown as kind adjusting people. The book seems to have glossed over the atrocities on native american population. Having mixed thoughts about the book, will keep sharing as I read ahead.

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Nimesh Pinnamaneni
•

Helixworks Technologies • 4m

China is tricky to categorise under the authors inclusive/extractive framework. The CCP is undeniably centralised. Yet, highly adaptive to macroeconomic trends - prioritising economic incentives, infrastructure, and innovation. Unlike classic extractive regimes (North Korea, colonial-era economies), China has actively invested in human capital, entrepreneurship, global trade and in growing other countries. This is a benevolent dictatorship with Key-Man Dependency at play - but such systems can brittle over time.

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Anonymous 1

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