Encyclopedia of Opinion
Question
What are the positions on why nations fail?
Position‹4 of 4

Lack of incentive structure for talents and creative ideas to be rewarded

Proponents argue that nations fail when ability and new ideas go unrewarded: where returns flow by connection rather than by contribution, effort is spent capturing existing wealth instead of creating any, and able people stop trying.

Supporting arguments · 2

  1. Where returns follow connections, effort goes into capture rather than creation
  2. Ideas need an appropriable return, or the able stop trying and leave