Following is an excerpt:
For all the comparisons between groups, both historical and in the present day — who’s up, who’s down, who’s got the winning formula, who doesn’t — the real point goes missing. The hidden story of what drives success has to do with the power of institutions to shape what opportunities groups have or don’t have, and what they can do. That said, we do not often bring into the dialogue that institutions and policies do matter. And that’s why this loop — the fascination with why some groups are motivated to do well and others are not — keeps replaying.
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