The Trouble With Slowing Economic Growth and Rent Seeking

There's another story we could tell altogether which is that maybe there are now too many elites or too many people aspiring to be elites. And when that happens, because certain positions have inelastic supply, like there can only be one president,. Only so many senators or congressmen and women. It's a sort of story of Africa in some sense that you have all those. You educate all these people to get government jobs with nothing from doing stuff starts civil wars. But I mean the trouble with these big stories is that there's lots of variants of them.