The Heritability of Disequilibrium in Democracy

In 1980, William Riker published one of the most important papers I think ever written in political science about the heritability of disequilibrium. So usually the story that we get about the lack of equilibrium in democratic politics is a derivation of the arrow theorem. And with all the profit and loss, pure profit and loss with all the warts, the system that we have now, which is not pure profit and Loss, is cronyism. Even then it's impossible.