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That doesn't make sense. The voters already collectively own the treasury of their state. And how exactly is it a requirement for a democracy to exist that it i
by anoncake 7y ago
That doesn't make sense. The voters already collectively own the treasury of their state. And how exactly is it a requirement for a democracy to exist that it implements your favorite policies?
- eru 7y ago> The voters already collectively own the treasury of their state. The situation is bit more complicated than that. The voters aren't one monolithic entity. So government has lots of principle-agent problems. Check out Public Choice theory (https://en.wikipedia.org/wiki/Public_choice https://en.wikipedia.org/wiki/Public_choice).