Index Investing News
Friday, January 30, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

For Those “Ready to Serve,” There’s McDonald’s

by Index Investing News
February 18, 2024
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


“I am ready to serve,” said Kamala Harris. Shouldn’t we be surprised to hear politicians begging to serve? There are places for that. One can get a job at McDonald’s. If one is more of an altruist, one can serve as a nurse or in a private charity. (See “Kamala Harris Says She Is Ready to Serve as Biden Faces Age Scrutiny,” Wall Street Journal, February 12, 2024.)

If Ms. Harris were to serve at McDonald’s, she would soon discover a big difference. There, nobody is obliged to pay for or eat what he has not personally ordered. What is served must be what each one wants. A student of human affairs may suspect that this is precisely what Ms. Harris wants in “serving” politically: to force half the population to eat what she serves. In other words, as she later prudishly admits, what she wants is not to serve, but “to lead”:

Everyone who sees her on the job, Ms. Harris said, “walks away fully aware of my capacity to lead.”

Am I overdoing my point? The standard economic objection is that, in a free society, the state and its agents serve in the sense that they produce “public goods,” including public services, that everybody wants but cannot be produced on the market. In that sense, politicians do “serve” in the big McDonald’s of political society. They produce services such as the enforcement of contracts and the rule of law, public security, and territorial defense, instead of Big Macs. But this is not the humble role that politicians long for in a democratic regime with totalitarian pretensions. Moreover, public choice analysis has demonstrated the explanatory power of the hypothesis that politicians (and bureaucrats) are motivated by the same self-interestedness as ordinary people.

The problem is that instead of serving other people while pursuing their own interest like a McDonald’s employee does, politicians actively work against the interests of those who are not essential to their election. This is clear in a majoritarian democracy.

We may admit that the rulers of Anthony de Jasay’s “capitalist state,” whose only function would be to make sure that the state is not taken over by people intent at governing (that is, of favoring some at the cost of harming others), would be worthy of some special esteem. More generally, politicians who would try to maintain a free society with equal liberty for all might properly deserve the gratitude of everybody who benefits from such a regime—which must be virtually everybody, at least in the long run. But this is obviously not the sort of humble servants we have.



Source link

Tags: McDonaldsreadyserve
ShareTweetShareShare
Previous Post

Earnings Summary: Highlights of PPL Corp.’s Q4 2023 results

Next Post

Kylian Mbappe is leaving PSG: Thank god that’s finally over

Related Posts

Transcript: Zach Buchwald, Russell Investments CEO and Chairman 

Transcript: Zach Buchwald, Russell Investments CEO and Chairman 

by Index Investing News
January 27, 2026
0

https://www.youtube.com/watch?v=WTUt5kpKgFwhttps://www.youtube.com/watch?v=WTUt5kpKgFw     The transcript from this week’s MiB: Zach Buchwald, Russell Investments CEO and Chairman, is below. You can...

The Deportation Labor Shock – Econlib

The Deportation Labor Shock – Econlib

by Index Investing News
January 23, 2026
0

Mass deportation is often framed as a pro‑worker policy. Remove unauthorized immigrants, the argument goes, and native wages will rise...

10 MLK Day Reads – The Big Picture

10 MLK Day Reads – The Big Picture

by Index Investing News
January 19, 2026
0

My (somewhat relevant?) Martin Luther King Day reads: • New High of 45% in U.S. Identify as Political Independents: More...

AI and the Art of Judgment

AI and the Art of Judgment

by Index Investing News
January 15, 2026
0

A New York magazine article titled “Everyone Is Cheating Their Way Through College” made the rounds in mid-2025. I think...

MiB: Ben Hunt, co-founder Perscient

MiB: Ben Hunt, co-founder Perscient

by Index Investing News
January 11, 2026
0

     This week, I speak with Ben Hunt is president and co-founder of Perscient, an AI research firm...

Next Post
Kylian Mbappe is leaving PSG: Thank god that’s finally over

Kylian Mbappe is leaving PSG: Thank god that’s finally over

Stolen Beatles bass guitar returned to Paul McCartney 51 years later

Stolen Beatles bass guitar returned to Paul McCartney 51 years later

RECOMMENDED

China COVID curbs hit iPhone output, shut Shanghai Disney By Reuters

China COVID curbs hit iPhone output, shut Shanghai Disney By Reuters

October 31, 2022
Titan glitters in Q3, beating all the odds

Titan glitters in Q3, beating all the odds

January 10, 2024
Making 0K+ Revenue Per Rental and Scaling FAST

Making $300K+ Revenue Per Rental and Scaling FAST

August 22, 2024
Refined Sophistication: 5 Houses with Soothing Impartial Inside Tones – Sotheby´s Worldwide Realty

Refined Sophistication: 5 Houses with Soothing Impartial Inside Tones – Sotheby´s Worldwide Realty

April 4, 2022
Federal Reserve Watch: On To The Subsequent Stage

Federal Reserve Watch: On To The Subsequent Stage

October 5, 2024
Tesla slashes prices in China, other Asian markets as sales stumble By Reuters

Tesla slashes prices in China, other Asian markets as sales stumble By Reuters

January 6, 2023
Seattle homebuyers no longer have to rush as housing market stalls

Seattle homebuyers no longer have to rush as housing market stalls

January 11, 2023
Congressman Hakeem Jeffries Sparks Debate Over Museum Safety

Congressman Hakeem Jeffries Sparks Debate Over Museum Safety

April 27, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In