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How The Cookie Is Crumbling

By Implode-Explode Heavy Industries

``?Insiders are basically special interests: small in number but well organized and with specific goals. Outsiders, or the ?unorganized masses,? are the rest of us: we have some interests, but we are poorly organized to pursue them and therefore are generally unsuccessful. In particular, Outsiders suffer from poor and limited information, and therefore are especially susceptible to political symbols.?... ?Given these differences, the Insiders use overt political dramas as symbols that placate the masses while using covert political activity to plunder them. What we would now call rent-seeking succeeds because Outsiders are dazzled by the symbols while Insiders grab the substance.?''

Full post as published by Mortgage Lender Implode-o-Meter on January 07, 2011 (boomark / email).