The Economist has a crisp review of the book “Why Nations Fail: The Origins of Power, Prosperity and Poverty”, by Daron Acemoglu and James Robinson.
The bottom line – Nations fail because their leaders are greedy, selfish and ignorant of history.
Sounds familiar? Perhaps worth a read 
. Youtube video here. And WSJ review here. 

 (2 votes, average: 4.50 out of 5)
nice i’ll watch the video.