This week, a GMU professor gave a speech on a topic that could've come right out of the Kochs' ideology – why we need “less democracy.”
Dr. Garett Jones, professor of Economics and BB&T Professor for the Study of Capitalism at the Mercatus Center at George Mason University, gave a lecture on the aforementioned topic, taking aim at some of the core values this country is founded upon. Here's a summary from Fourth Estate, a GMU student paper:
Jones says that less democracy and more epistocracy could lead to better governance. Democracy leaves power to the majority while epistocracy allocates power to the knowledgeable. Jones did not imply that democracy should be eliminated, but lessened by 10% for the sake of long term economic growth.
According to Jones, less democracy would lead to better governance because politicians would be inclined to work on long term growth rather than spending to impress constituents during election season. Politicians try to please the public at the expense of neglecting long- term policies because they are elected through a democratic process.
For example, Jones said senators act like voters have short term memories. They make decisions to get reelected rather than spending their whole term focused on long-term growth.
2 comments:
Spoken like a true criminal shilling for the rich
Part of this clown's problem is that gvrowth is dead and he still has not gotten the telegram
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