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Why Some Countries Are Rich

Carl Oberg

Our friends at TFAS have released a video called "How Nations Succeed: What's the Secret to Ending Poverty?" It begins with a fascinating comparison between the United States and another, far different country. I won't ruin the surprise, but these are vastly different places.
The wonders and technological magic we see around us every day--which most of us take for granted--are the result of entrepreneurial innovation and markets. These emergent orders flow from people's drive to create something better for others--and to improve their lives in the process.
With this in mind, the question becomes not why some nations are poor, but why some nations are rich.

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