Nobel Prize in Economics Underlines Role of Inclusive Institutions in Prosperity

                   Since the creation of this blog in 2010, its counter of visualizations doesn't work and the same is happening with my YouTube channel since its creation in 2020. For no reason,  I'm being  harmed in so many ways and for so long. Why can I not have a YouTube channel and blog with their counter of visualizations working like everyone else? However, all the world is demanding justice and equality. The Brazilian institutions must do more to guarantee the rights of the citizens. Despite the huge worldwide movement for my candidacy, I had only twelve votes according to the Brazilian voting machines. And the worldwide movement carry on, the good people of the world wants to see me working as a politician, because they know that it is where I need and deserve to be. But there is a certain  pressure on me give up my political rights and activism. Once again I'd like to thank all demonstration of support for my political rights coming from all parts of the world. This worldwide movement is already part of the world history and nobody can deny it. This post is a summary of two articles. The first with the title above was published at https://indianexpress.com/article/opinion/columns/nobel-prize-economics-prosperity-institutions-9620956/. The second was published at https://news.mit.edu/2024/mit-economists-daron-acemoglu-simon-johnson-nobel-prize-economics-1014

                                 The Nobel Prize 2024 in economics, was awarded to Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago. Their work revisits the original question raised by economics, why some nations are wealthy and others not. In a series of papers, the three winners highlight the role of economic and political institutions in determining the prosperity of nations and offers insights about how institutional structures of many nations and hence can explain their prosperity or lack of it. The "institutions hypothesis" proposed by the trio can explain the differences in economic prosperity across nations. Simply put, incentives and opportunities for investments can promote economic development and the protection of private property rights is a pre-condition for investments which ensures economic prosperity, extractive institutions on the other hand are inimical to investments and growth, as they disincentivise productive endeavours. Yet, such institutions can emerge and even persist since they provide rent extraction opportunities to the political elites. Consistent with their arguments, the authors empirically document a strong positive association between institutions and economic prosperity across nations. The insights of Acemoglu, Johnson and Robinson continue to be pertinent. With income inequality rising, both across and within nations , the importance of better, inclusive institutions can't be overstated. Not only do we see more fragile and fractured societies, but the consequences of bad institutions can also be felt in growing problems. Institutional quality, measured by indicators like the strength of democracy, the rule of law, press freedom, and the absence of corruption has seen uneven progress around the world in the last decade. While some countries have made progress, other have stagnation or even worsening of institutional quality which is likely to exacerbate the host of problems.                                                                                                                             MIT economists Daron Acemoglu and Simon Johnson, whose work has illuminated the relationship between political systems and economic growth, have been named winners of the 2024 Nobel. James Robinson of the University of chicago, with whom they have worked closely, also share the award. "Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better," the Swedish Academy of Sciences stated in the Nobel citation. The long-term research, which extends back for more than two decades, has empirically demonstrated that democracies, which hold to the rule of law and provide individual rights, have spurred greater economic activity over the last 500 years. In their work, Acemoglu, Johnson and Robinson make a distinction between inclusive governments, which extend political liberties as broadly as possible while providing public infrastructure, with extractive political systems, where power is wielded by a small elite. Overall. the scholars have found, inclusive governments experience greatest growth. more specifically, because economic growth depends on widespread technological innovation, such advances are only sustained when and where countries promote an array of individual rights, including property rights, giving people more incentives to invent things. Elites may resist innovation and growth to hold on to power, but without the rule of law and a stable set of rights, innovation and growth stall. "Both political and economic inclusion matter, and they are synergistic," Acemoglu said during the MIT press conference.

VOTE EM QUEM TEM UM ATIVISMO DE DÉCADAS EM PROL DA CIDADANIA PLENA, DO DESENVOLVIMENTO, DA SAÚDE, DA EDUCAÇÃO e ESPORTE

           Começarei este texto com um pouco da história da minha participação nas eleições aqui em J.F. A minha 1º eleição como candidato seria em 2012, quando estava filiado no antigo PPS, mas não pude participar porque disseram no dia da convenção que não havia vagas. Depois em 2016, consegui disputar como candidato a vereador e tive 10 votos. Todos estranharam essa votação, pois em todos os lugares que fui, a expectativa de todos era que teria uma grande votação, inclusive as pessoas dão risada quando digo quantos votos tive. Outro fato marcante na eleição de 2016 foi que uma candidatura bateu o recorde de votos com quase 10 mil, sendo que geralmente o candidato mais votado em J.F. tem em torno de 5 mil ou 6 mil votos. Isso são fatos históricos é só pesquisar no Google. Eleição é em evento muito sério, é o principal momento de uma democracia. Na próxima eleição em 2018, fui candidato a deputado estadual, ainda pelo partido Solidariedade, o qual estou filiado deste 2016. Nesta eleição tive 65 votos. Também havia a expectativa geral que teria uma grande votação, mas infelizmente essa expectativa mais uma vez não foi confirmada. Em 2020, não pude ser candidato a vereador, o partido disse somente no dia da convenção que só tinha eu como candidato e como não pode haver somente um candidato, tive que desistir da candidatura. Em 2022, fui candidato a deputado estadual e o movimento mundial pela minha candidatura já está bem intenso e evidente. Fiz um vídeo com os posts do Facebook de Setembro de 2022, mês que antecedeu o dia da eleição, para que todos possam ver como o movimento pela minha candidatura já estava muito forte na eleição de 2022. Acesse meu canal para lembrar e comprovar a mobilização demonstrada pelo mundo em torno da importância da minha candidatura já há dois anos.  https://youtube.com/@lucianofietto4773?si=tQ0zov8UXVY3JYs4. Tudo que acontece vira um fato histórico e atualmente com a internet onde tudo fica gravado, fica fácil todos terem acesso para saber o que aconteceu. Esse movimento mundial pela justiça, educação, solidariedade, saúde, ética, esporte, sustentabilidade, transparência na política e minha candidatura vem acontecendo com muita intensidade deste 2020 e já faz parte da história mundial. Inclusive várias organizações e políticos já mencionaram indiretamente este movimento. Nunca um candidato obteve tanta unanimidade em torno de sua candidatura, todos tem visto no meu Facebook e no meu canal no YouTube demonstração de apoio vinda de todos os continentes.