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Revolutions and Prosperity |
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| Feb27-11, 06:44 PM | #1 |
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Blog Entries: 14
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Revolutions and Prosperity
Do revolutions lead to prosperity?
or Do we need revolutions for prosperity? or Is revolutions one of the factors that determine prosperity? defn Revolutions : Overthrowing the governments Prosperity : Good living standards e.g. literacy and life expectancy. Scope: Only last 500 years I have been thinking of this question for more than a month. I am still not confident about what is the right question to ask and how we can answer the right question. It might also be a good idea if we limit ourselves to last 500 years so we do not consider anything that happened before that. Otherwise, countries have come up and down through out the history so it might be meaningless to look at last thousand years to answer this question. I thought about going back and finding all revolutions that happened in the past and finding if revolutions brought better living standards and comparing it to possibility if the revolution did not occur. Other way will be comparing two similar countries: one that overthrew its government and one that did not. Please refrain from unsubstantiated personal opinions or propaganda. Unfortunately, currently I do not have sufficient time to study this myself so I thought I would put here. |
| Feb27-11, 09:04 PM | #2 |
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I think you can state categorically that every communist revolution in the 20th century resulted in a lower overall standard of living, if only for the ubiquity of large famines
the issue would hinge on the existing institutions (legal system, property rights, civil discourse etc) and whether they were preserved or not. The US had the common law system to fall back on and the UK which they revolted against was the among the most liberal political systems in existence during that time, so things really did not change that much. In contrast, Spanish colonialism was much more brutal and repressive and there were not stable civil institutions for Latin America to fall back on. Egypt has better institutions than Libya where Quadafi ran a totalitarian regime - which bodes better for Egypt |
| Feb27-11, 10:15 PM | #3 |
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http://www.newsweek.com/2011/02/27/u...volutions.html |
| Feb27-11, 11:41 PM | #4 |
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Mentor
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Revolutions and Prosperity
Is the question even relevant? The question implies to me that revolutions are about an attempt to increase prosperity. What if they have nothing to do with prosperity - is it a relevant question?
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| Feb28-11, 02:22 PM | #5 |
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In fairness to the OP, I think in political science economic hardship is considered a sufficient condition for revolution. Whatever the ostensible motivations, generally, poor people rebel and wealthy people don't.
http://en.wikipedia.org/wiki/The_Anatomy_of_Revolution |
| Mar1-11, 11:19 AM | #6 |
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Is it possible that Entitlement programs (expanded in the 1960's) in the US have given a false sense of prosperity to millions of beneficiaries?
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| Mar1-11, 02:00 PM | #7 |
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| Mar1-11, 02:00 PM | #8 |
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| Mar1-11, 02:56 PM | #9 |
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| Mar1-11, 03:00 PM | #10 |
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| Mar1-11, 03:04 PM | #11 |
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My turn to laugh (sorry).
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| Mar1-11, 03:05 PM | #12 |
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edit: |
| Mar1-11, 03:24 PM | #13 |
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| Mar1-11, 03:34 PM | #14 |
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| Mar1-11, 03:41 PM | #15 |
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If a family receives $500 per month in food, $400 in rent subsidy, $1,500 in medical, $100 in transportation, $300 in utility subsidy, and $900 SSDI - total $3,700 per month = $44,000 per year PLUS EIC (if someone worked a few hour - maybe $1,000 per year?) of perhaps $5,000= $50,000 gross @ 20 years equals $1,000,000 - isn't it like winning the lottery?
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| Mar1-11, 03:42 PM | #16 |
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| Mar1-11, 03:49 PM | #17 |
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