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A comment on Why Markets Boomed in a Year of Human Misery. Parent comment
Not at all. Far from it. This is a very naive view of voting and public choice systems. See for example:
https://en.wikipedia.org/wiki/Public_choice#Special_interest...
https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action
https://en.wikipedia.org/wiki/Government_failure#Political_s...
https://en.wikipedia.org/wiki/Regulatory_capture
https://en.wikipedia.org/wiki/Public_choice#%22Expressive_in...
https://en.wikipedia.org/wiki/Rational_ignorance
https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...
https://en.wikipedia.org/wiki/Jerry_Pournelle#Pournelle's_ir...
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Not at all. Far from it. This is a very naive view of voting and public choice systems. See for example:
https://en.wikipedia.org/wiki/Public_choice#Special_interest...
https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action
https://en.wikipedia.org/wiki/Government_failure#Political_s...
https://en.wikipedia.org/wiki/Regulatory_capture
https://en.wikipedia.org/wiki/Public_choice#%22Expressive_in...
https://en.wikipedia.org/wiki/Rational_ignorance
https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...
https://en.wikipedia.org/wiki/Jerry_Pournelle#Pournelle's_ir...