The problem with our current mode of government is that its hope rests on finding leaders who are too idealistic to fully act on their own incentives, yet smart enough to design ours.
IRL, we have a similar problem if we disentangle expertise and responsibility of the individual from the job. The main problem is not that people in institutions have a too long time horizon, but it is too short. And countries with term limits don't seem to be run better!
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Notice that many successful democracies don't have term limits for their leaders, the US is more an outlier than the rule.
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