Economic systems determine societal wealth from "summary" of Guns, Germs, and Steel: The Fates of Human Societies (20th Anniversary Edition) by Jared Diamond
The ways in which societies organize their economies have a profound impact on their overall wealth. Economic systems play a crucial role in determining the success or failure of a society. Some economic systems are more conducive to generating wealth and prosperity than others. For example, societies that have developed more complex and efficient systems of production tend to accumulate more wealth over time. This is because they are able to produce more goods and services, which can then be traded for other valuable resources. In contrast, societies with less developed economic systems may struggle to produce enough to meet their basic needs, let alone accumulate wealth. Moreover, the ways i...
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