Re:Economists Are Rethinking the Numbers on Inequality
by CryptoPunk on Saturday December 07, 2019 @04:37AM
(#21729341)
A democratic system of rules doesn't mean a democratic distribution of power. Rules rarely have their intended effect 100%.
In all democracies, elites form, which wield far more political power, and derive far more benefit from government, than voters.
Even in a perfectly democratic society, giving the majority, acting collectively through their government, so much power over individuals would be dangerous, because it would create enormous rent-seeking opportunities for those who wield the most influence over public opinion and because it would endanger persecuted minorities.
In all democracies, elites form, which wield far more political power, and derive far more benefit from government, than voters.
Even in a perfectly democratic society, giving the majority, acting collectively through their government, so much power over individuals would be dangerous, because it would create enormous rent-seeking opportunities for those who wield the most influence over public opinion and because it would endanger persecuted minorities.