Category Archives: Privileges Rents and Vested Interests

‘Fake News’: moral rhetoric in the face of strategic weakness

The ‘fake news’ happening in the US is interesting. I’m always caught on the back foot by these things. I know that it’s a general rule that people who desire control over others will seek to control what they read … Continue reading

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Tim Ball writes about the climate change hoax

The entire objective of those pursuing the political agenda was to create the illusion that current weather is abnormal and therefore unnatural. They wanted to show that all this occurred in the last 100 years as a result of human … Continue reading

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Narrative and Taboo, VII

One explanation for why people consent to live under the rule of law imposed by a central authority, and to pay taxes to that central authority, is that the central authority provides protection and the administration of justice, which individuals could not … Continue reading

Posted in Epistemic Rationality, Mind-sets and Logic-Bubbles, Principal-Agent Problems, Privileges Rents and Vested Interests, The Mind & Society | Leave a comment

Sound reasoning: Henry Ergas channels WK Hancock

Weekend Oz, May 9-10, p.15: The central role of fairness in Australian politics is hardly new. It could, on the contrary, be viewed as an enduring feature of this country’s political system. After all, WK Hancock’s Australia, which famously summarised the … Continue reading

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Henry Ergas, on vested interests as obstacles to economic and political reform

Henry Ergas, writing in the Weekend Australian of July 11-12 [page 15, ‘When the flying panda fell to earth’], remarks on how vested interests in China are preventing the economic reforms that the country needs to undertake in order to … Continue reading

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Understanding the 2015-16 Australian Budget, using the intellectual tools of the Esau Problem, Moral Hazard, and Public Choice theory

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Incentive Maps: Grace Collier and Bao Tong discuss the options and incentives facing people in power

One of the images that I use to help people think about why others make the decisions that they do, and what influences their own decisions, is that of the Incentives Map – that is, a picture or model of … Continue reading

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Privileges, Rents and Vested Interests: the Taxi Cartel threatens violence to protect its rents

The biggest news story in the world of transport over the past year has been the rise and rise of Uber. Uber is a technology company which has created a smartphone application which allows people who need to get somewhere, … Continue reading

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