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DR. MARVIN FOLKERTSMA: THE DECLINE AND FALL OF AMERICA |
The keystone of this argument is a passage that is terrifying in its implications and is worth quoting in full: “The typical organization for collective action [interest group] within a society will … have little or no incentive to make any significant sacrifices in the interest of the society” and “there is ... no constraint on the social cost such an organization will find it expedient to impose on the society in the course of obtaining a larger share of the social output for itself” (italics in original). This means nothing less than it says: a group will kill its host, the American republic in this case, before relinquishing even a modicum of benefits for itself.
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