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by robertlagrant
1135 days ago
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I really think this cynical take on wealth needs to stop. This is far more likely explained by politics. Or more precisely: efficiency is distorted by compassion. Which is then recovered by efficiency. Which is again modified by compassion. If your system is a bewildering mish-mash of cost increasing political interventions and cost reducing market innovations then it's never going to work. But lawmakers need something to do to stand out, and so do business people. |
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The only mention of wealth was describing the effect. Yes, politics is a key part of how that effect is acheived. (Of course, advocacy by those with wealth is a key part of how the politics happens, and... well, the politics/wealth interactions here are basically a near-infinite chain. They aren’t competing explanations.)