[eszed]

Complaining about downvotes used to be uncouth, but whatever. :-)

For what it's worth, I'm pretty "left" - at least within the HN bubble - and I like the cut of your jib. I devoutly wish that the broader "right" cared even one iota about anti-trust / anti-monopoly enforcement.

[Gormo]

There are plenty of people who care about the underlying concerns that "anti-trust / anti-monopoly enforcement" is trying to correct, but recognize that the only mechanism ever proposed for addressing those concerns usually involves concentrating ever more power into the hands of an even larger and less accountable monopoly.

The biggest error of the "left" in most of these conversations is treating political institutions as something uniquely well-intentioned and competent, rather than understanding them as just another set of institutions in society, subject to the same incentive structures, biases, and errors as everything else.

A lot of skepticism of political interventions doesn't necessarily come from refusal to acknowledge that there is a problem, but rather from the recognition that the proposed solutions often just represent even worse instances of the same sort of problem. I think a lot of the people who've tended to support political intervention may have operated under the naive assumption that giving the federal government expansive power to intervene into our social and economic affairs could only bring net benefit; hopefully, the behavior of the current administration in the US should be something of a wake-up call.

[eszed]

I agree with (very, very, nearly) everything you say - particularly about the naivety of the "left"'s assumptions about political interventions being necessarily well-intentioned and competent.

On the other hand, skepticism about political intervention over-corrects when it assumes or insists that government action can never be a net benefit. Even the first Trump administration produced one extraordinary success - "Operation Warp Speed" - though, ironically, their faction is too ideologically warped to claim it.

The only point of difference I would identify is that I think a democratic government is more accountable than the monied interests to which it is a necessary counter-balance - and that, historically, the US government has (albeit imperfectly) functioned as such. However, the current US regime is, as you suggest, endeavoring to place itself beyond all democratic accountability, so yeah: I can read the writing on that wall. The bitter irony, of course, is that the political movement which has delivered an historically corrupt and unaccountable executive has been built upon the support of naive skeptics. I hope they will recalibrate their assumptions accordingly.

[Gormo]

> The only point of difference I would identify is that I think a democratic government is more accountable than the monied interests to which it is a necessary counter-balance

I'm not entirely sure about that. It makes sense in theory, but in practice, we often see vested interests successfully influence democratic processes to achieve ends that would be more difficult to achieve via pure market dynamics.

We've ended up with the worst of both worlds: institutions that derive their legitimacy from perceived democratic accountability, but with the functional mechanisms of that accountability reduced largely to performative rituals; meanwhile, the incentive structures and motivations that drive their day-to-day behavior derive largely from the influence of special interests or ideological factions.

I think public choice theory is largely correct on this, and many of the policies that are intended to pursue the public interest actually end up working against it.

[eszed]

Indeed. That's the failure mode into which several (at least) western democracies seem to be tipping. Russia, among other states, is all the way down that "performative democracy (only)" road.

Democratic accountability is meant to be the alternative to mass violence. The Demos will, in the end, have their say, and it's far better for everyone that it be through the ballot box than otherwise. Elites forget this, over and over throughout history, to their (or their descendants', if they're lucky) cost. That's the lesson I wish was more remembered, because I don't want to have to live (even if I do) through that kind of time.