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Podcast: Cato Event Podcast
Episode: Inside Job: How Government Insiders Subvert the Public Interest
Description: National decline often arises from special interests corrupting a country’s institutions. Such narrow interests include crony capitalists, consumer activists, economic elites, and labor unions. Less attention is given to government insiders — rulers, elected officials, bureaucrats, and public employees. In autocracies and democracies, government insiders have the motive, means, and opportunity to co-opt political power for their benefit and at the expense of national well-being. Many storied empires have succumbed to such inside jobs. Today, they imperil countries as different as China and the United States. Democracy — government by the people — does not ensure government for the people. Understanding how governme...