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 You Asked for It!
» Free-riding is nothing to be proud of   2005-06-02 09:21 Peter Carswell

>>Most normal people... know that there is a case for government intervention to deal with this major market failure.<<

The market that is failing every day is the market for so-called "government" services. The political elite controls the provision of these services based on an election ritual that was always a cover for their narrow self-interest. That's why I call their cartel "the mother of all cartels". The electoral system consists of a massive barrier to entry to the markets that the agents of the state claim the right to monopolize.

Even under direct democracy, the majority would definitionally be free-riders (on the minorities) in any market where the supply was dictated by majority rule.


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