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'Under anarchy, uncoordinated competitive theft by "roving bandits" destroys the incentive to invest and produce, leaving little for either the population or th
by dash2 5y ago
'Under anarchy, uncoordinated competitive theft by "roving bandits" destroys the incentive to invest and produce, leaving little for either the population or the bandits. Both can be better off if a bandit sets himself up as a dictator-a "stationary bandit" who monopolizes and
rationalizes theft in the form of taxes. A secure autocrat has an encompassing interest in his domain
that leads him to provide a peaceful order and other public goods...'
Olson, 'Dictatorship, Democracy and Development', APSR 1993.