The reason why some countries are rich and others poor depends on many things, including the quality of their institutions, the culture they have, the natural resources they find and what latitude they're on. For gifts and more from The School of Life, visit our online shop: https://goo.gl/dXpOl4 Download our App: https://goo.gl/M53roP We have, unusually, had to disable comments because of the number of people writing to tell us that we have forgotten about colonialism. We are very aware of colonialism but didn't, on this occasion, give this factor a central role. FURTHER READING You can read more on CAPITALISM, SELF, RELATIONSHIPS and many other topics on our blog TheBookofLife.org at this link: https://goo.gl/IG0HRZ MORE SCHOOL OF LIFE Our website has classes, articles and products to help you think and grow: https://goo.gl/dKEM4i Watch more films on CAPITALISM in our playlist: http://bit.ly/2dmGWsp Do you speak a different language to English? Did you know you can submit Subtitles on all of our videos on YouTube? For instructions how to do this click here: https://goo.gl/H8FZVQ SOCIAL MEDIA Feel free to follow us at the links below: Download our App: https://goo.gl/M53roP Facebook: https://www.facebook.com/theschooloflifelondon/ Twitter: https://twitter.com/TheSchoolOfLife Instagram: https://www.instagram.com/theschooloflifelondon/ CREDITS Produced in collaboration with: Vale Productions http://www.valeproductions.co.uk Music by Kevin MacLeod http://www.incompetech.com #TheSchoolOfLife