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Politics and inequality - Coggle Diagram
Politics and inequality
Individual decisions in this context
We want to maximize utilite, but constraints by income and other institutions (Religions, social, state, law, environment) also physical constraint
Why would we ever like to device constraints on our possibilities to act? - The fundamental problem of coop and the origins of the state as the solution to it
Game shows why we need state to coop
State successfully claims physical force monopoly
Different definitions and views of "institutions"
Institutions are not natural but has come out of society
"policing" needed
Possible distinction between institutions and organization
Org - Players
Insti - rules
Actual governments and .....
Relationship between economic and political institutions in modern democracies
How inequality impacts politics
Giving poor people voting rights would lead to radical
Everyone under mean inc gains from tax
"tool af the rich"
Harm competition and stifle economic progress
General points on government as a "solution" to common problems
Rules and regulations are absolutely crucial for a functioning economy
Gov can provide help solve coordination and commitment problem
Governments are not automatically good