4 ms·
Playing the devil's advocate here, but: - Some people may relate democracy more to a vote-with-ballots activity (among others aspects of democracy of course),
by globber 8y ago
Playing the devil's advocate here, but:
- Some people may relate democracy more to a vote-with-ballots activity (among others aspects of democracy of course), more than the "vote with your wallet" thing you describe. If a town both votes for big shops with its wallet and for small shops with its ballot, which option has it voted for?
- Some people may think that the outcome of indoviduals optimizing their own situation is often, but not always socially optimal. That's why for instance taxes are mandatory and not voluntary - otherwise no or few optimizing individuals would pay. Usually, the story is that central small shops have large positive externalities (sustaining what the comment you replied to call a "certain kind of society") and suburban malls have large negative externalities (congestion, decreased walkabikity for everyone else). Those exertanilities are not taken into account when people optimize their situation, leading to a suboptimal market equilibrium.