mattnewport comments on Politics as Charity - Less Wrong
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If you ever do write this up, I'd be very interested to read it. Incidentally, your theory sounds quite similar to Yes Minister, incidentally also the source of one of my favourite quotes about politics:
mattnewport:
Oh, yes! In full seriousness, while the plot and dialogue in that series are exaggerated for comic effect, it depicts the structure of modern governments with more essential accuracy than probably any academic work of political science.
There's a good reason for it. The series was vaguely based on the published diaries of Richard Crossman, who might be the only modern-age politician who published an unadorned day-to-day diary of his work instead of a customary auto-hagiography of the sort we usually get from politicians.
Here's the opening passage of his diaries (with the source of the legendary "Yes, Minister" title highlighted by me):
Wow, so it is accurate for the same reason as the The Wire (based on a study of reality), that's awesome.