This graph comes from Daron Acemoglu and James Robinson. What is shows in essence is the great democratization of wealth after the concentrations of the industrial revolution and the gilded age followed by, in a couple of countries, a huge move back to incredible concentrations of wealth at the very top. But not all. So what is it about the US particularly, and to a lesser degree the UK, that causes this?
1 comment:
Being number 1 is a good thing. UK and USA have the smartest people therefore should be awarded.
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