Source: David Friedman’s Substack
by David Friedman
“There are two quite different models of why democracy works held by people who think it does. One is a model of incentives, one of selection. The incentive version relies on the fact that politicians want to get elected and reelected. To get elected they have to support the policies that a majority of the voters want; to get elected again, they have to actually work for those policies. … The selection model relies on the facts that people differ and that we have some ability to tell what other people are like.” (09/26/26)
https://daviddfriedman.substack.com/p/incentive-or-selection