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by eszed
24 days ago
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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. |
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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.