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Rich Guys Buy Elections is a mental model that has taken an absolute beating in the past ten years but yes regulated industries have a strong seat at the table when it comes to their regulation, and a legal system to protect their rights
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Do we need an autocrat ? Probably not, but it sounds more novel than "internal election among financial and political elite to determine who is experienced enough to be prime minister"
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I'm sure some maladapted psychiatry feels that bribing a vain thug instead of thinking about the concerns of a penniless ballot is less taxing *emotionally* too