Posted by Ilya Somin:
Why Most Politicians Put Self-Interest Ahead of the Public Good :
http://volokh.com/archives/archive_2009_08_23-2009_08_29.shtml#1251127451


   Prominent Blogger Matthew Yglesias recently [1]expressed surprise that
   most politicians are willing to sacrifice the public good in order to
   hold onto power:

     I�ve come to be increasingly baffled by the high degree cynicism
     and immorality displayed in big-time politics. For example,
     Senators who genuinely do believe that carbon dioxide emissions are
     contributing to a global climate crisis seem to think nothing of
     nevertheless taking actions that endanger the welfare of billions
     of people on the grounds that acting otherwise would be politically
     problematic in their state. In other words, they don�t want to do
     the right thing because their self-interest points them toward
     doing something bad. But it�s impossible to imagine these same
     Senators stabbing a homeless person in a dark DC alley to steal his
     shoes . . .

     Making it all the odder, the level of self-interest at stake isn�t
     all that high. Selling the public good down the river to bolster
     your re-election chances isn�t like stealing a loaf of bread to
     feed your starving children. The welfare rolls are hardly stocked
     with the names of former members of congress. Indeed, it�s not even
     clear that voting �the wrong way� poses particularly serious
     threats to one�s re-election. But even if it did, one might assume
     that people who bother to dedicating their lives to securing vast
     political power did so because they actually wanted to accomplish
     something and get in the history books, perhaps, as one of the big
     heroes of their era.

   [2]Tyler Cowen and [3]Arnold Kling correctly point out that
   professional politicians are likely to be people who place a high
   value on power and prestige. To such people, there is a lot at stake
   when they risk losing their positions. True, they won't starve. But
   they will lose the power they have dedicated most of their lives to
   achieving. Yglesias notes that the same politicians who routinely
   sacrifice the public interest to preserve their positions wouldn't
   think of committing murder. That, however, is at least partially
   because in the US, committing murder usually destroys a politician's
   career rather than bolsters it. In countries where killing people does
   help your political career, (think any of numerous Third World states
   where political leaders can get ahead by killing or repressing
   political opponents), the political class is indeed full of murderers.

   One might still ask why the power-seekers tend to predominate over
   those who place a higher value on the public good. The explanation is
   systemic selection effects. A politician who is willing to do anything
   to take and hold power will have a crucial edge over an opponent who
   imperils his chances of getting elected in order to advance the public
   interest. The former type is likely to prevail over the latter far
   more often than not. This is especially true in a political
   environment where most voters are [4]often ignorant and irrational
   about government and public policy. Candidates [5]have strong
   incentives to pander to this ignorance and exploit it in order to win
   elections. Those unwilling to exploit public ignorance because they
   place the public interest above political success are likely to be at
   a serious disadvantage relative to their less scrupulous opponents.

   Finally, Yglesias suggests that a politician who prioritizes the
   public good could potentially be remembered as one of the great
   political "heroes" of the age, which should give leaders a strong
   incentive to prioritize the public good. There are three problems with
   this argument. First, you are unlikely to become a great political
   "hero" unless you get into power and stay there for a considerable
   length of time. Doing so usually requires prioritizing political
   survival. Second, cynical political manipulators also can be
   remembered fondly by history if they build a successful political
   coalition (think FDR or Disraeli). Finally, and most important, the
   odds of being remembered by history as a great political hero are
   generally very low, even if a politician makes it his top priority. By
   contrast, the average politician stands a much better chance of
   getting a position of power and prestige in the here and now, if he
   puts his effort into that. For most politicians, a 50% or even a 10%
   chance of fame and power today is more valuable than an 0.1% chance of
   being remembered as a great hero many years later.

References

   1. 
http://yglesias.thinkprogress.org/archives/2009/08/political-lifes-mysteries.php
   2. 
http://www.marginalrevolution.com/marginalrevolution/2009/08/the-addiction-of-fame-and-power.html
   3. http://econlog.econlib.org/archives/2009/08/status_greed_an.html
   4. http://ssrn.com/abstract=916963
   5. http://volokh.com/archives/archive_2008_09_14-2008_09_20.shtml#1221851645

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