Power - Power Now that state power exists, how do you...

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Power Now that state power exists, how do you channel it for good? Private Policy Corporate well fare Generally seen as bad Public Policy Good of the people Any state that is strong enough to be good, is also strong enough to be bad Problem of legitimacy In democracy, legitimacy means popular consent Tradeoff between legitimacy and effectiveness o Inflation and pork-barrel spending Principal - Agent Theory Principal Agent Agent Agent Delegation of responsibilities Do one thing and do it well
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