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by mercurial 4629 days ago
> Amartya Sen won the Nobel Prize in Economic Science for (I'm vastly over-simplifying) research that indicates only dictatorships have famines because the rulers are insulated from the effects and so have little motivation to fix the systemic problems that cause famines. The "let them eat cake" syndrome (although that quote itself is historically misleading).

Should we deduce that, by electing wealthy people, we ensure that they have no incentive to fix the systemic problems which cause a cycle of economic crises?

1 comments

I'd say Washington DC is proof of that.