1/ In markets you need sufficient liquidity and competition among alternatives for approximate rational outcomes.
6/ There is a convention in politics to pretend that incumbent, having won, represents all, and will pursue policies benefiting all if poss
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7/ This is the benefit of doubt amount accepting fiction that they are the 'right person who might do the right thing for the right reason'
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8/ But for the fiction to work, the incumbent has to play powerfully to it, step up, and into the role, the mask of the office.
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