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by noetic_techy 2663 days ago
Check out Amy Chau's book The Triple Package. Its premise is that 3 cultural factors influence economic outcomes: Superiority Complex, Insecurity, and Impulse Control. It explains why there are subgroups in the US that do better an the average in terms of income: Chinese, Jewish, Indian, Iranian, Lebanese, Nigerians, Cuban exiles and Mormons.

I think you can boil it down to both IQ and culture as being the main drivers of economic success. Culture can be split further into ethnic cultural modifiers and socio-economic cultural modifiers/multipliers. You can do pretty well if you have positive points in 1 of 3 of these areas. We all start relatively equal but having one of these three modifiers can propel you to the top, with few exceptions.

https://en.wikipedia.org/wiki/The_Triple_Package