... We're better off failing to solve the Principal-Agent Problem in the way we're used to? (I'm genuinely trying to understand.)
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"A board of directors can't possibly control an executive appointment, so we have to rely on dim propaganda-dazed masses to do it."
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I agree that's its most typical failure mode.
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The rigorous NRx determination of socio-economic liberty is free (classical liberal) contract for sovereignty services. It often gets lost.
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The mainstream tradition of Classical Liberalism has signally failed to adequately grasp the conception of sovereignty services, that's why.
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No change. Point is, Classical Liberal concept of contract has not been extended to the political sphere rigorously, prior to NRx. ...
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... Voice-based 'social contract' theories messed everything up so badly that the word "liberalism" became a synonym for socialism. ...
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Also odd: "I like the Founders!", without acknowledging that none of them save Hamilton would recognize anything about America today.
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"The Founders, then Lincoln, and then FDR" is like "The Mona Lisa, then a bucket of decayed offal, and then an armor-piercing squash-round."
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