Subscribe in a reader






Buy Conservative Advertising

Wikio - Top Blogs

Find the best blogs at Blogs.com.


Enter your email address:

Delivered by FeedBurner


No one but the author bears any responsibility for the non-advertising content on this blog. AND PLEASE NOTE: the author neither necessarily uses nor endorses any product advertised on this blog.

« "Why the rich are angry, and why you should worry about it" | Main | Hooray for us »

September 29, 2010

How to avoid Mancur Olson's grim prediction

Matt Miller, Washington Post, 9/22:

The late economist Mancur Olson, in his classic study "The Rise and Decline of Nations," warned that advanced democracies eventually grow encrusted with powerful interest groups that hijack government to serve their narrow economic ends. Inefficiency reigns. Growth languishes. . . .

Is there a way to break this fatal interest-group stranglehold? Olson said war or depression could wipe society's slate clean, but that's a bit grim as a strategy. The better path is to promote entrepreneurial innovation and harness capitalism's bottomless capacity for finding new ways to deliver more for less.

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

TheBigHenry

"... harness capitalism's bottomless capacity for finding new ways to deliver more for less."

I like it. Sounds like the next best thing to "free lunch", which reasonable people place alongside Santa and the Tooth Fairy.

The comments to this entry are closed.

Powered by TypePad
Member since 07/2003

Shelfari: Book reviews on your book blog