3 ms·
> Majority rule based on one-person-one-vote notoriously results in tyranny of the majority–a large number of people who care only a little about an outcome pre
by jellicle 12y ago
> Majority rule based on one-person-one-vote notoriously results in tyranny of the majority–a large number of people who care only a little about an outcome prevail over a minority that cares passionately, resulting in a reduction of aggregate welfare.
Notoriously? In actual practice, U.S. democracy and many others function the exact opposite of what is described (passionate minorities such as Iowa corn farmers and F-35 plane builders and M1A1 tank builders and various intellectual property advocates routinely beat unpassionate majorities, resulting in laws that are bad for most and good for a very few, decreasing overall welfare). The idea that the masses are voting themselves loot from the treasury over the objections of the noble elites is a fantasy that exists only in some libertarian heads, and never in the real world. I can't really read any further in this article. This is basic stuff.