"The growth of coalitions with an incentive to try and capture a larger share of the national income, the increase in regulatory complexity and governmental action that lobbying coalitions encourage, and the increasing bargaining and complexity of understanding that cartels create alter the pattern of incentives and the direction of evolution in a society. The incentive to produce diminishes; the incentive to seek a larger share of what is produced increases. The reward for pleasing those to whom we sell our goods or labor declines, while the reward for evading or exploiting regulations, politics, and bureaucracy for asserting our rights through bargaining or the complex understandings becomes greater." Mancur Olson - The Rise and Decline of Nations
Posted on: Sun, 11 Aug 2013 00:29:08 +0000
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