Tag: Vested Interest
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Allocation of Limited Resources – Part 8 (Government Limitations of Ignorance and Vested Interest)
I began this series with the analogy that presented various modes of allocating limited resources. It concluded that auction … markets … is the most efficient and just system we have. In the following post, I explained that we deal with two types of community: Face-to-face and commercial society. Face-to-face communities can often efficiently and…