Wednesday, August 31, 2016

Aphorisms 17

Congress/Parliament = marketplace for the purchasing of laws.

Senators/MPs = multi-party brokers.

Legislation = the sale of other peoples money through rent-seeking and handouts.

Democracy = coercion market.

Accumulation of law = eventual coercion market (government) failure.

Rent seeking = special privileges, economic advantages, subsidies or tax breaks that favor purchasers.

Lobbyists = salesmen of coercive legislation.

Activists = extortion racketeers.

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