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Eventually the elected body will split into a faction that represents business interests and a faction that trades entitlements for votes. What makes you think

Eventually the elected body will split into a faction that represents business interests and a faction that trades entitlements for votes. What makes you think that a faction that represents business interests does not also trade entitlements for votes? The real problem is that ALL factions in a democracy demonstrate the universal human tendency to take benefits today and put off obligations for the future.

rexf 15y ago
Business wants all upside (even when it conflicts). As discussed yesterday: http://www.nytimes.com/2011/07/06/business/economy/06leonhardt.html?partner=rss&emc=rss http://www.nytimes.com/2011/07/06/business/economy/06leonhar... The problem is that nobody has a long term sustainable point of view. Why worry about the eventual cluster#$%@ when you can stuff your pockets today?
- pyre 15y ago
  But that's the 'free market' right? Things will work out perfect in the end because of people's self-interest. The free market tells us that it's impossible for bad things to happen.
  - e2daipi 15y ago
    Taxes, regulation, Government spending, etc are interventions in the free market.