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Nations fail because their leaders are greedy, selfish and ignorant of history

Why Nations Fail: The Origins of Power, Prosperity and Poverty. By Daron Acemoglu and James Robinson. Crown; 529 pages; $30. Profile; £25. Buy from Amazon.com, Amazon.co.uk
This article appeared in the Culture section of the print edition under the headline “The big why”

From the March 10th 2012 edition
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