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Sunday, March 23, 2025

Fake Prizes for Propaganda - Vox Popoli

 Read full text: https://voxday.net/2025/03/21/fake-prizes-for-propaganda/

Ironically, the only reason nations fail that is actually related to economics is if they are dumb enough to buy into free trade, and worse, open immigration. Women’s right and educating women are much more serious problems, as the collapsing birth rates everywhere from Japan and South Korea to Germany and Italy suffice to demonstrate.

But the thesis presented by Messrs. Daron Acemoglu, James Robinson, and Simon Johnson is so obviously irrelevant, especially in light of the fact that they couldn’t even correctly identify which nations are presently crippled by an “extractive system, run by a self-serving ruling elite”.

Then again, the fact that Paul Krugman, of all people, was awarded one of these prizes is sufficient to prove its worthlessness. That’s just embarrassing. If these awards were legitimate, Ian Fletcher, Steve Keen, and your favorite dark lord would have all won at least one.