WHY AM I REMINDED OF OBAMA & THE CLINTONS
WHY AM I REMINDED OF OBAMA & THE CLINTONS
From Don Boudreaux’s latest column- A slice:
This capacity to adjust our expectations to prevailing
reality, though, serves us poorly when it comes to politics. Political reality
is full of politicians who refuse to take principled stands out of fear that
doing so will lose them votes, or who dissemble and even lie in efforts to
bolster their prospects at the polls. Yet because such unprincipled behavior
and deceit are so commonly practiced by politicians, we’ve grown
accustomed to reprehensible behavior by politicians and accept it as being
simply a feature that we must tolerate
An irony that would be comical if its consequences weren’t
so dire is that government’s power expands as voters demand that politicians
protect them from being deceived and cheated in private markets. Ponder this
strange fact: Politicians whose deceptions in elections are readily tolerated
are asked by voters to police against possible deceptions by entrepreneurs in
private markets. It’s like asking the brute who just robbed you at gunpoint to
serve as your personal bodyguard. True, he’s got a gun and isn’t afraid to
use it, but why would you trust him to wield his weapon in your interest rather
in his own interest?
Of course, deceptions perpetrated by merchants and employers
in private markets are deplorable. But consumers and workers can avoid such
deceptions much more easily than they can avoid deceptions by politicians. The
plumber who fails to perform as promised or the employer who refuses to honor
the terms of an employment contract will soon find his customers fleeing and
his workers quitting. And any wronged customer or worker can walk away even if
all other customers and workers continue to be duped. The very real threat of
losing business and workers goes a long way toward keeping private businesses
honest. Yet politics is different: Lyingimproves candidates’
chances of success.