Monday, December 24, 2012

Interests are More Powerful than Ideas?

http://thinkmarkets.wordpress.com/2012/12/09/interests-are-more-powerful-than-ideas/

Mario Rizzo:

To make a long story short: I believe that intellectuals (including economists) need to be more ideological, not less. They ought to convince the general public to think in terms of big issues and big decisions. The idea of evaluating each issue on its own merits is profoundly unscientific as Herbert Spencer taught. Slippery slope mechanisms are all around us. When people begin to think of specific, narrow policies they cannot help but think in terms of their own particular interests.

It is not enough to win the battle for ideas among intellectuals. We must win in a way that makes a practical difference. Showing the limitations of case-by-case analysis of policy is important. The special interests do not care about the damage done to the general welfare. We must instruct the public that policies that benefit their own particular interests do and will generate policies that hurt them. There truly is no free lunch.

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