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View Diary: Bush Authoritarianism: Blackwater+Amway=GOP, Pt. 2 (295 comments)

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  •  I've run into excessive rent-seeking... (0+ / 0-) the constituents of a political party as being the catalyst for the undoing of that political party's reign before.  Kossack Mikebert wrote about the mechanism in Cycles in American Politics: how political, economic and cultural trends have shaped the nation.  When a political party is in power too long (~20 years), its economic constituents become emboldened and engage in rent-seeking too obvious to ignore and too damaging to the economy to excuse.  This behavior arouses indignation among the general public, which then mobilizes around the opposition.  Mikebert has noted that conservative rent-seeking appears particularly obnoxious and reaction to it ushers in liberal eras.  I wouldn't be surprised if that process is happening right now.

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