4) We can test this theory in every organization at every scale in every city, state, empire in history. Because all organizations grow to accumulate rent-seeking until lacking sufficient (all) capital reserves to incentivize adaptation to shocks, trade route loss, or conquest.
Source date (UTC): 2019-12-08 23:11:53 UTC
Original post: https://twitter.com/i/web/status/1203814486047633408
Reply addressees: @MattWalshBlog
Replying to: https://twitter.com/i/web/status/1203813978830446594
IN REPLY TO:
Unknown author
@MattWalshBlog 3) So the very opposite of Walsh’s OP is true: Governments exist to provide the maximum extraction (rents) at while maintaining the minimum incentives necessary for the strong to take possession of the government by force, and themselves take the proceeds. All else is lies.
Original post: https://x.com/i/web/status/1203813978830446594
IN REPLY TO:
@curtdoolittle
@MattWalshBlog 3) So the very opposite of Walsh’s OP is true: Governments exist to provide the maximum extraction (rents) at while maintaining the minimum incentives necessary for the strong to take possession of the government by force, and themselves take the proceeds. All else is lies.
Original post: https://x.com/i/web/status/1203813978830446594
Leave a Reply