Wednesday, June 20, 2007

The Flaw in Democracy?

This is an article from TCS Daily in which Bryan Caplan is interviewed about the implications of his new book The Myth of the Rational Voter. This is really a groundbreaking piece of work. For those of you interested, look for it online, you probably won't find it in your local bookstore.
Part that I really enjoyed:

"Another observation: If politicians did exactly what voters want, it would be a disaster. Since politicians expect that voters would blame them for a disaster, it is not in their interest to give the voters exactly what they want. So politicians have to strike a balance between adopting popular policies, and getting tolerable results. Maybe this is why almost everyone distrusts politicians - as I say in my book, "The public calls them venal for failing to deliver the impossible.""

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