Book · 2021
10% Less Democracy
Why You Should Trust Elites a Little More and the Masses a Little Less
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I thought one of the really interesting chapters in 10% less democracy was the chapter on bond holder democracy. I'm curious, corporations are obviously an example to use here where they do have bond holders who hold them accountable but the average lifespan of a corporation is 10 years, I believe.
Why people recommend it
Every mention
Dwarkesh Patel I thought this was also one of your really interesting books. Even controlling for how much democratic over… 2
Discussed
“I thought this was also one of your really interesting books. Even controlling for how much democratic oversight there is of institutions in the government there seems to be a wide discrepancy of how well they work.”
Discussed
“I thought one of the really interesting chapters in 10% less democracy was the chapter on bond holder democracy. I'm curious, corporations are obviously an example to use here where they do have bond holders who hold them accountable but the average lifespan of a corporation is 10 years, I believe.”
Also mentioned in the same episodes
Other mentions (2: passing, ad reads, own books)
Plugged
“He's most recently the author of The Culture Transplant: How Migrants Make the Economies They Move To a Lot Like the Ones They Left and also the author of 10% Less Democracy and Hive Mind. We'll get into all three of those books.”
Plugged
“That's why my book 10% Less Democracy is really targeted at the rich, rich democracies. Once we get too far below the rich democracies, I figure once you put elites in charge, they really are just gonna be old-fashioned Gordon Tullock rent seekers and steer everything toward themselves and not give a darn about the masses at all.”