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Dilemma of Democracy
The Political Economics of Over-Government
By Arthur Seldon
July 1998 (Institute of Economic Affairs)
$25.00 Paper Original
This essay states that government has lost its power to maintain its economic empire. "The escapable power of political government ..." is up against "... the irresistible economic force of the market. The alternative is for government to "... arrange its retreat with dignity before the escapes multiply to deprive it of the authority to influence the rate of its withdrawal."
Series: Hobart Paper