this post was submitted on 22 Oct 2024
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Economics Nobel 2024 W (mander.xyz)
submitted 3 weeks ago by [email protected] to c/[email protected]
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https://www.ft.com/content/1e2584d6-65ef-46de-bfb2-28811be65600

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[–] [email protected] 0 points 3 weeks ago

Please elaborate how you believe a non-democratic take over of the ruling power (to establish socialism, or whatever) will lead to a better outcome for everyone or "majority".

After that we can discuss what implicit societal welfare function you were improsing, and why you insist individuals are unable to exercise their free will to collectively optimize the same welfare function given that it's supposedly in their best interest. We're assuming a functioning democracy here.