The Greatest Argument for Term Limits
What is the greatest argument for term limits? It may fall between the covers of the book Why Nations Fail.
I haven’t read it, but I have perused other articles on the book and found this Bloomberg review the most compelling:
…the “ignorance hypothesis”—the assumption that people in power would do right by their citizens if only they knew better—“still rules supreme among most economists and in Western policy-making circles,”
That’s gotta hurt, but consider this, the money quote:
Nations fail, the authors argue, because “those who have power make choices that create poverty. They get it wrong not by mistake or ignorance but on purpose.” For the brutal few, hanging on to power and wealth outweighs all else.
There are many who have power, not only the 800-pound gorilla in the room, government, but also consider (for example), unions. While perhaps once serving a necessary purpose, consider where unions have taken the American automobile industry, the state of American educational (non)accomplishment, and the growth of the cost of government itself through myriad unions of all sorts.
While the Bloomberg article offers that the authors provide few corrective suggestions and that ‘there are few heroes’ in the book, term limits seems to me to be an intuitive topic for exploration. We have it for presidents, why not for the Congress?