I'm midway through reading "Why Nations Fail" and the book makes a case very early on that the replacement of elites with other elites is exactly what happens e

I'm midway through reading "Why Nations Fail" and the book makes a case very early on that the replacement of elites with other elites is exactly what happens even when something akin to a coup or revolution happens. Case in point, Latin America, where extractive political and economic institutions have been passed from regime to regime, from the days of Spanish conquest all the way up through the CIA backed coups and the modern regimes.