The same argument applies to political leadership under representative democracy - people could just vote for someone better, or, say, vote for someone who will reform the regulators. Political leaders take advantage of things like group identification, imperfect information, monopoly power, and advertising budgets to keep the status quo intact under pretty much all normal circumstances. These options are also available for business leaders.
The same argument applies to political leadership under representative democracy - people could just vote for someone better, or, say, vote for someone who will reform the regulators.
Sure. There's a few problems with applying the argument that way, though.
Regulatory bodies are not selected democratically.
Candidates (as done in the US) are very significantly vetted by non-democratic processes.
Once elected, until removed from office a vote is non-rescindable.
None of these three items are true of groups in competition with one another.
...These o
A response essay written by Eliezer Yudkowsky posted at Cato Unbound for the issue Brain, Belief, and Politics:
Is That Your True Rejection? by Eliezer Yudkowsky
The lead essay has been written by Michael Shermer:
Liberty and Science by Michael Shermer