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The fundamental defect of the political mechanism (is that) it is a system of highly weighted voting under which the special interests have great incentive to promote their own interests at the expense of the general public. The benefits are concentrated; the costs are diffused; and you have therefore a bias in the market place which leads to ever greater expansion in the scope of government and ultimately to control over the individual…. In the economic market… each person gets what he pays for. There is a dollar-for-dollar relationship. Therefore, you have an incentive proportionate to the cost to examine what you are getting.
Milton Friedman (‘The Fragility of Freedom’)
Power has such distorting effects on political mechanisms, doesn’t it Milt? Thankfully, the market allows our un-abstractable individual preferences to find their rational climax.
lol. Reading this stuff is like listening to minor reality television stars talk about global poverty.
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