Scapegoating Elites for Social Problems: Tyler Cowen’s Parable of the Banana Subsidy

The attitude of blaming elites for one's problems is unconstructive, regardless of its validity. Even if elites are responsible for causing issues, responding with destructive behavior like drug use is not a solution. The parable of the banana subsidy, shared by Tyler Cowen, illustrates that individuals should also take personal responsibility in situations. When it comes to housing regulation, local elites often contribute to issues by obstructing necessary changes. On the other hand, regarding immigration restrictions, elites tend to support more immigration, showing that elites can have differing opinions and correctness on different topics.

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