Thursday, October 9, 2014

Darby Quast, chapter 8, Question 6

The concept of special interests is what stood out to me the most while reading chapter 8.  I found it very interesting that for the most part, things go well for the smaller groups even when it is hurting most other people. Logically it seems as though everything would be done for the benefit of the most people, but that rarely happens. For example, the mohair farmers or farmers that grow corn.  These people make up a very small percentage of the population but are recovering large subsidies at the cost of everyone else.  The reason this goes unnoticed is the cost of the subsidies is spread out between so many people.  What would be one or two cents to normal people would be thousands of dollars to the mohair or corn farmers. This is why Wheelan said "it pays to be small".

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