The March of Folly Part 2: Political Leaders do not have the same interests as the people they rule, By Publius

The Politics

In a prior column I discussed the explanation of why political leaders so often pursue policies that damage the economies of the nations they rule. I argued that, at first glance, such behaviour is puzzling, since economic progress delivers substantial gains in political power. However, such gains do not always benefit the incumbent ruler.

Perhaps the mo…