MICRO MAJORITARIAN DEMOCRACY VS MACRO MARKET FOR COMMONS. My opinion (from the d

MICRO MAJORITARIAN DEMOCRACY VS MACRO MARKET FOR COMMONS.

My opinion (from the data) is that in all countries, where there is any heterogeneity at all, people vote as racial and tribal blocks. It’s only under homogeneity that people vote as POLICY BLOCKS.

Democracy is sufficient for the selection of priorities among people with identical interests.

But markets are necessary for the exchange of commons among people with heterogeneous interests.

In my opinion – and history will bear me out – markets are always better than majorities except in small homogenous countries where revenues from the commons are so small and diversity of interests so small, that competition for commons simply turns into another form of rent seeking.

(so yes, I’ve thought this thru)