>>64729295The theory of "The Wealth of Nations" is one which posits the reason for why some countries become wealthy and have high quality of life, and why some don't.
The main reason they cite is the growth and development of Institutional Incentives, and those countries which have Institutions that are "inclusive" to the greater majority of the nation are more likely to create a society which will develop and generate wealth for the average citizen.
In contrast to that, countries with poor development have trended towards "Extractive Institutional Bias," which is when a country's elite classes develop societal structures where the majority of the nation work to generate wealth that, by and large, is centralized in the coffers of the heads of state.
If a country is to do well, it will develop a set of Inclusive Institutions, which is generally portrayed as a set of legal codes which honor the property rights of citizens by and large, which incentivizes them to develop their property and generate personal wealth, safe in the knowledge that said wealth will not be arbitrarily taken by those in power, while also allowing for the funding of the government via things such as regular and universal taxation laws so that said institutions can be strengthened. Furthermore, it posits that Liberal Democratic nations, by their nature of being an Inclusive government structure of the whole voting population, are the best suited to generate prosperity and wealth for nations, because of the much higher barriers for anyone who wants to arbitrarily seize the wealth of the citizen population, or gate the population at large out of economic institutions that may grant them wealth arbitrarily.
I've made posts about how this correlates to Vtuber organizations before, and how Vtuber organizations who have an Inclusive culture will thrive, whereas Extractive models of corporate culture will lead a Vtuber corpo to collapse in on itself over time, but the greater theory is in the book, which I recommend to anyone who likes numbers and the context behind number growth.
