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Steven Teles & Rajiv Sethi on Jailbreaking The Captured Economy (EPE 04)

COMPLEXITY

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Political Systems Are Not Good at Parallel Processing

In general, especially in the united states, all our political systems are heavily weighted toward statis all of the systems. Part of the reason is because government activity relies on information from the parties that are being regulated. And those people who are being regulated have incentives to transmit information selectively and trategically. So if i've got one of these operations, really what i want to do is just make sure that nobody's paying attention. That's the worst thing. But now, again, we do have ways to get around that problem. There are some democratic solutions for the problems incident to democracy. We actually did something about it right,. Lots of philanthropists invested in lots of organizations to participate

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