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Privatizing Government

23 October 2012

Good read here by Seasteading Ambassador Ian CoKehyeng. Excerpt below:

Fighting for free markets within the democratic system is a steep uphill battle. Anarcho-capitalists may even call it useless. The inherent biases of democracy swing towards populism and crony capitalism. The dilemma faced by Western democracies stems not from the fact that everyone benefits from freedom, but from the fact that everyone can benefit from one particular intervention granting them a special privilege whose costs are dispersed onto everybody else. Such is the mixed economy- a battle for rule by pressure groups and lobbyists. The great statesman, Frederic Bastiat, describes this situation elegantly when he said:

The State is that fictitious entity in which everybody endeavors to live at the expense of everybody else.

The analysis of political institutions in public choice theory demonstrates that the perverse incentives of political actors (from politicians to bureaucrats to voters themselves) gear governments and their bureaucracies to grow.

Socio-Political

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