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by SXX 59 days ago
Institutional longevity is what differs developed countries from failed or failing states. Whole point of having institutions is to make sure rules dont change every 4, 6 or 8 years.

Some amazing new administration can come up with tons of good ideas, but they will only become real institutions if they survive for decades to come. Institutions are not just government agencies, law or people. Tradition and longevity are probably even more important.

Do you want to build a company in a country where all the law, tax code and regulations are replaced with amazing but brand new one every 4 years? Probably not?

And changing rules are much worse for scientific research because most often it span decades or even generations of scientists. People will just choose to go live and work somewhere more stable.