Here:
This is a good question. It does however assume that the interests of
politicians are aligned to those of the countries they govern.
Economists make such assumptions; in the real world this is not true.
Err, ever heard of public choice theory Richard? It’s a bit of economics….pointing out that the interests of politicians are not aligned to those of the countries they govern. Y’know, they’ve given at least three Nobels for this work.
It’s also one reason why handing over ever more tax money to politicians who, as noted, don’t share our interests, is sometimes considered to be a not very good idea.
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