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RE: The Wealth of a Nation: Why Capitalism Works
This seems to assume politicians create policies via free agency, which is a great way to focus the article but not nearly the whole picture. The vast, overwhelming majority of policies/regulations are bought and paid for by non-public agencies to serve and expand the power/wealth of non-public agencies (corporations, special interests). Politicians are really just mouthpieces that funnel ever-increasing power/wealth to the few at the top of the pyramid.
"In order to maximize overall wealth, you want to maximize the quantity of voluntary trades."
Dan was pure genius in eliminating the transaction fees entirely from the Steemit ecosystem. Steemit may well be the purest form of capitalism in human history.
While true, this is still out of self-interest for those politicians to keep getting elected (specifically, getting campaign funding).
Self-interest works, but unfortunately, it requires the self-interest in quantity, not just at the top.
Government self interest is a big problem. The entrenched bureaucrats at all levels try to increase budgets, increase people . You look at the total population of those that receive government checks, by job, by welfare, by any means, that number out numbers, by far those creating the wealth.