Extractive institutions are systems designed to concentrate power and wealth in the hands of a few, often through exploitative laws or monopolies. They operate by restricting economic opportunities and political access for the majority. The primary beneficiaries are elite groups, such as autocratic rulers or oligarchs, who extract resources and suppress competition to maintain their dominance.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends