Index Investing News
Tuesday, April 28, 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

The limits on Scott Bessent’s Treasury swap lines

The limits on Scott Bessent’s Treasury swap lines

by Index Investing News
April 25, 2026
0

Scott Bessent’s ability to provide dollar swap lines for allies in Asia and the Gulf could be constrained by the...

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

by Index Investing News
April 21, 2026
0

    The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream...

Tech Troubleshooting in Space – Econlib

Tech Troubleshooting in Space – Econlib

by Index Investing News
April 17, 2026
0

When astronaut Christina Koch, the first woman to fly around the moon, reported an issue from space that could have...

Oil price surges ahead of Strait of Hormuz blockade

Oil price surges ahead of Strait of Hormuz blockade

by Index Investing News
April 13, 2026
0

Good morning and welcome to FirstFT. In today’s newsletter:Trump announces naval blockade of Strait of Hormuz Orbán’s crushing Hungarian election...

At The Money: Seeking Uncorrelated Returns

At The Money: Seeking Uncorrelated Returns

by Index Investing News
April 9, 2026
0

     At The Money: Seeking Uncorrelated Returns (April 8, 2026) Managed Futures generate returns that are not correlated...

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

Tamadoge Announce Exchange Listing on OKX

Tamadoge Announce Exchange Listing on OKX

September 24, 2022
BoI Governor: We won’t be dazzled by 3.3% inflation

BoI Governor: We won’t be dazzled by 3.3% inflation

September 5, 2023
Why your investment ‘ego’ might be costing you big bucks

Why your investment ‘ego’ might be costing you big bucks

January 6, 2023
Top Selling NFTs This Week – Moonbirds And The Captainz Rise In Rankings

Top Selling NFTs This Week – Moonbirds And The Captainz Rise In Rankings

March 22, 2024
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Regulation Bitcoin News

Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Regulation Bitcoin News

November 30, 2022
BlackRock’s Fink says Russia-Ukraine battle might speed up use of cryptocurrencies

BlackRock’s Fink says Russia-Ukraine battle might speed up use of cryptocurrencies

March 25, 2022
Broaden Your Actual Property Sphere: 4 Methods

Broaden Your Actual Property Sphere: 4 Methods

April 7, 2025
What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights By Cointelegraph

What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights By Cointelegraph

November 3, 2022
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