Introduction

Jacobite – which is apparently still a real magazine and not a one-off gag making fun of Jacobin – summarizes their article Under-Theorizing Government as "You'll never hear the terms 'principal-agent problem,' 'rent-seeking,' or 'aligning incentives' from socialists. That's because they expect ideology to solve all practical considerations of governance."

There have been some really weird and poorly-informed socialist critiques of public choice theory lately, and this article generalizes from those to a claim that Marxists just don't like considering the hard technical question of how to design a good government. This would explain why their own governments so often fail. Also why, whenever existing governments are bad, Marxists immediately jump to the conclusion that they must be run by evil people who want them to be bad on purpose.