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Institutions Reflect Power, Not the Other Way Around | Guyana News

Institutions Reflect Power, Not the Other Way Around | Guyana News

Published 2 weeks, 4 days ago
Description

Forget the myth that strong institutions alone can fix economies—real change starts with who holds the power and how wealth is distributed. Institutions don’t build themselves; they’re shaped by existing economic forces. From factories rising before laws, to resource booms reshaping elites and politics, the economy drives the rules, not the other way around. Fixing courts or audits won’t solve the Resource Curse if you ignore the deeper economic shifts and power struggles that define it.

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