Quotes About Progress

Those controlling political power will eventually find it more beneficial to use their power to limit competition, to increase their share of the pie, or even to steal and loot from others rather than support economic progress. The distribution and ability to exercise power will ultimately undermine the very foundations of economic prosperity

Rich nations are rich largely because they managed to develop inclusive institutions at some point during the past three hundred years.

stimulating sustained economic growth required that individuals use their talent and ideas, and this could never be done with a Soviet-style economic system.

The first place in the world to grant female suffrage was Wyoming in 1869, earning it the nickname the Equality State.

growth under extractive institutions is limited not only because of lack of technological progress but also because it will encourage infighting from rival groups wishing to take control of the state and the extraction it generates.

In fact, a thousand years of history and contemporary evidence make one thing abundantly clear: there is nothing automatic about new technologies bringing widespread prosperity. Whether they do or not is an economic, social, and political choice.

history is not destiny.

even if industry itself was very inefficiently organized relative to what could have been achieved. In fact, between 1928 and 1960 national income grew at 6 percent a year, probably the most rapid spurt of economic growth in history up until then.

The U.S. experience in the first half of the twentieth century also emphasizes the important role of free media in empowering broad segments of society and thus in the virtuous circle.

As the United States began to experience the Industrial Revolution in the first half of the nineteenth century, Mexico got poorer.

Las instituciones económicas inclusivas también allanan el camino para otros dos motores de prosperidad: la tecnología y la educación.

The growth generated by extractive institutions is very different in nature from growth created under inclusive institutions, however. Most important, it is not sustainable. By their very nature, extractive institutions do not foster creative destruction and generate at best only a limited amount of technological progress. The growth they engender thus lasts for only so long. The Soviet experience gives a vivid illustration of this limit.

In 1800 probably only 2 to 3 percent of the citizens of the Ottoman Empire were literate, compared with 60 percent of adult males and 40 percent of adult females in England. In the Netherlands and Germany, literacy rates were even higher. The Ottoman lands lagged far behind the European countries with the lowest educational attainment in this period, such as Portugal, where probably only around 20 percent of adults could read and write. Given

Fear of creative destruction is often at the root of the opposition to inclusive economic and political institutions.

El crecimiento económico y el cambio tecnológico están acompañados por lo que el gran economista Joseph Schumpeter denominó «destrucción creativa

Five hundred years ago, Mexico, home to the Aztec state, was certainly richer than the polities to the north, and the United States did not pull ahead of Mexico until the nineteenth century. South and North Korea were economically, as well as socially and culturally, indistinguishable before the country was divided at the 38th parallel after the Second World War. Similarly, most of the huge economic differences we observe around us today emerged over the last two hundred years.

oportunidades que surgieron a partir del siglo XIX y qué países no lo iban a hacer. Las raíces de la desigualdad mundial que observamos hoy en día pueden encontrarse en esta divergencia. Salvo contadas excepciones, los países ricos actuales son aquellos que se embarcaron en el proceso de industrialización y cambio tecnológico que empezó en el siglo XIX, y los pobres, los que no lo hicieron. 11

Creative destruction redistributes not simply income and wealth, but also political power

La combinación de innovación tecnológica y organizativa proporciona el modelo para el progreso económico que transformó las economías mundiales que llegarían a ser ricas.

Inequality in the modern world largely results from the uneven dissemination and adoption of technologies

Monster tidak terlahir keji begitu saja. Mereka tumbuh, berkembang, menjadi monster.

El tiempo nunca se detiene. Todos tenemos sitios a donde ir y obstáculos que superar

With such a small brain, I don't know how you made it this far.

As long as you're breathing, your story's still going.