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So means (the formal right of the CEO to do almost anything), motive (marginal tax rates going down in the US in the 70ies) and opportunity (the Raygun Revolt).

And once it started it amassed power in the hands of a few who could finance people who promoted its spread.

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Fri Jun 26th, 2009 at 01:34:41 PM EST
[ Parent ]
It's a possible explanation. I and others have advanced other possible explanations for a mechanism elsewhere in the diary.

What I'd like to do is read through the diary and comment thread in one sitting and synthesise the suggestions into a single reasonably coherent explanation (or, if that is impossible, at least make it clear which models are being proposed).

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Jun 26th, 2009 at 04:31:45 PM EST
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