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" A free market, a vigorous civil society, the spontaneous “wisdom of crowds” are all important components of a working democracy, but none can ultimately replace the functions of a strong, hierarchical government. There has been a broad recognition among economists in recent years that “institutions matter”: poor countries are poor not because they lack resources, but because they lack effective political institutions. We need therefore to better understand where those institutions come from. "

Francis Fukuyama , The Origins of Political Order: From Prehuman Times to the French Revolution


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Francis Fukuyama quote : A free market, a vigorous civil society, the spontaneous “wisdom of crowds” are all important components of a working democracy, but none can ultimately replace the functions of a strong, hierarchical government. There has been a broad recognition among economists in recent years that “institutions matter”: poor countries are poor not because they lack resources, but because they lack effective political institutions. We need therefore to better understand where those institutions come from.