Posts Tagged ‘representative democracy’

The systemic flaw of representative democracy.

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Only surprising that anyone would be surprised that a study finds India has the most fucked up web of bureaucracy.

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2010 New Hampshire Liberty Forum hosted by the Free State Project: Consequentialist anarchist Professor Prof. David Friedman, author of most notably The Machinery of Freedom, discusses market failure—the real meanings of the commonly misunderstood terms ‘market failure’, ‘public goods’ and ‘externality’; why representative democracy ‘doesn’t work’ and ‘rational ignorance’ toward electoral politics is advantageous; the necessity of property rights for long-term planning and why it’s irrational for politicians to plan for the long-term; ‘market failure’ analysis in our daily lives.

Part One (10:15):

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