Fresh Economic Thinking
Fresh Economic Thinking
FET #60: The shakedown business
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FET #60: The shakedown business

How does the Iron Law of Oligarchy apply to day to day business?

How do organisations that emerge to help people end up degrading over time and becoming a plain old shakedown?

That’s the topic I discuss with regular co-host Jonathan Gadir.

Although we don’t mention it, my book Rigged, co-authored with Paul Frijters, explains many of the economic mechanisms behind the degradation of institutions into what could be described as a rent-seeking mafia.


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Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0

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