I knew nothing about postcards until I one day found myself writing slogans for a postcard company to support a family. Not that there’s anything wrong with having a family. But as anyone who knows me will attest, I’m not exactly the “family type.” However, as anyone who has ever played the game of poker will also attest, a successful poker game largely depends on knowing when to fold. Therefore,

In the book Why Nations Fail: The Origins of Power, Prosperity, and Poverty, American economists Daron Acemoglu and James A. Robinson contend stable institutions and political centralization are necessary conditions for economic prosperity and long-term social stability. Differentiating between “inclusive” and “extractive” philosophies, Acemoglu and Robinson maintain encompassing institutions stem educational and technological advancements, while extractive institutions stifle and impede wealth and growth. In addition, stable and centralized political institutions