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How Industry Competition Theory Can Help Address U.S. Politics
How Industry Competition Theory Can Help Fix U.S. Politics
26 Oct 2020
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Unhealthy competition is at the root of political dysfunction. Applying a famous business framework can help identify the best ways to fix it. Although people tend to think of the American political system as a public institution based on high-minded principles, it’s not. Politics behaves according to the same kinds of incentives and forces that shape competition in any private industry. Our elections and our legislative systems are drowning in unhealthy competition: The political-industrial complex wins, and the…
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