Re: Bandit theory
"Bloated (bandit) govermentents are a symptom, not a cause, of that wealth."
Not that simple, though correct in essence, I think. Wealth is no more or less than energy flow. Accumulating (not working, not in use) wealth is an indication of an inefficiency. That leads to social inequalities that in the end result in events like the French and Russian revolutions (the American Revolution was unusual in being a proactive action). Redistributive entities (and they appear way before bureaucratic governments) operate - mostly badly - to get pooled wealth moving, working. The inefficiency of these entities is critical because it destroys wealth, which is in fact a key element in the process that no one, especially not the wealthy or the poor, really wants to think about. But, the Second Law can't be denied, suspended or revoked. Most economists seem to think they are independent of physics. But an economy is nothing but ecology with specifically human elements included.
Biting the hand that feeds IT
