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In principle: The electorate. I agree though that the potential for rent-seeking and cronyism is a problem with any government investment.
by BjoernKW 9y ago
In principle: The electorate. I agree though that the potential for rent-seeking and cronyism is a problem with any government investment.
- petre 9y agoIt doesn't work in practice. Governments just grow and grow endlessly borrowing and renegotiating debt w/o any intention to pay back. The cronysm problem can be fixed to some extent by limiting terms for every public office, ending career politicians. But don't expect Congress or any parliament to vote for such a measure.