Discussion about this post

User's avatar
Seeds of the Remainder's avatar

I’m no economist, but I think that in a kleptocracy, “profit” should not be measured in purely monetary terms, as if the economic game were independent of the political game. Agents do not simply maximize revenue over cost measured in dollars, but maximize “revenue” (including potential power influence) over “cost” (not just monetary losses but losses in power and influence).

Expand full comment
2 more comments...

No posts