I agree, but I think there’s room for a pressure relief valve that’s less extreme than full blown revolution.

Undisciplined

The issue is highlighted by Hans-Herman Hoppe in "rent vs owner" idea.

Politicians only "rent the use of power" so their incentives are all short term. Their goal become to bust out the current nation state for their short term gain (ie. they join congress with $0 and leave with $400M and who cares what happens afterwards).

Whereas with an "owner" (ie. king), it is considered their property. Therefore they have long term generational interest in preserving the value of their property so it forces long-term thinking.

econ

The End of Pax Americana

0xbitcoiner

The issue is highlighted by Hans-Herman Hoppe in "rent vs owner" idea. 

Politicians only "rent the use of power" so their incentives are all short term. Their goal become to bust out the current nation state for their short term gain (ie. they join congress with $0 and leave with $400M and who cares what happens afterwards). 

Whereas with an "owner" (ie. king), it is considered their property. Therefore they have long term generational interest in preserving the value of their property so it forces long-term thinking.