The arbitrary and corrupt rulers have a huge responsibility for this economic failure.36 Much of the money that rained about poor countries has been simply filtered and returned {frequently towards bench accounts in Switzerland}, since corrupt rulers have treasured their evil Obtained profits abroad.

📖 Niall Ferguson

🌍 British  |  👨‍💼 Historian

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The economic failures in poor countries can largely be attributed to the arbitrary and corrupt governance present in those regions. These rulers have played a significant role in mismanaging resources and exploiting their nations for personal gain. Rather than investing in local development, they often divert funds to overseas accounts, particularly in places like Switzerland.

This behavior has led to a cycle of poverty and stagnation, as the wealth that could have contributed to economic growth is instead hoarded by corrupt elites. The misallocation of resources not only undermines trust in leadership but also perpetuates the struggles faced by the populace, leaving many in dire circumstances despite the influx of potential financial support.

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February 04, 2025

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