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by ksdale 1586 days ago
I'm not sure that's the lesson, based on this post, it sounds like the institutions were vital to the prosperity more than the growth. In a sense, growth is prosperity, but both were the result of institutions, and I'm not sure that growth was necessary for the maintenance of the institutions. I think the big takeaway is that people thought of the institutions are sort of an immutable fact of the world, when in reality, they were very break-able. Though that is also a sobering thought exercise as well.