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Institutional change is difficult but not impossible from "summary" of Why Nations Fail by Daron Acemoglu,James A. Robinson
Institutional change is a formidable challenge, as it involves altering established norms, rules, and practices that have often been in place for a long time. These institutions are deeply ingrained in society and can resist change due to the interests and power of those who benefit from the status quo. The inertia of existing institutions can make it seem almost impossible to bring about meaningful change. However, history has shown us that institutional change is not entirely out of reach. While it may be difficult, it is not an insurmountable obstacle. There have been instances where societies have managed to overhaul their existing institutions and pave the way for progress and development. These success stories serve as examples of the potential for change, even in the face of entrenched interests ...Similar Posts
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