Francis Fukuyama Quote
Douglass North, John Wallis, and Barry Weingast have an alternative label for neopatrimonialism, what they call a limited access order, in which a coalition of rent-seeking elites use their political power to prevent free competition in both the economy and the political system.3 Daron Acemoglu and James Robinson use the term extractive to describe the same phenomenon.4 At one stage in human history, all governments could be described as patrimonial, limited access, or extractive.
Francis Fukuyama
Douglass North, John Wallis, and Barry Weingast have an alternative label for neopatrimonialism, what they call a limited access order, in which a coalition of rent-seeking elites use their political power to prevent free competition in both the economy and the political system.3 Daron Acemoglu and James Robinson use the term extractive to describe the same phenomenon.4 At one stage in human history, all governments could be described as patrimonial, limited access, or extractive.
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