Do you think that a majority vote is always the fairest way to reach a consensus? Think again! In this Learn Liberty video, Professor Diana Thomas of Utah State University illustrates a paradoxical outcome that arises when people vote on three or more items — known as Condorcet’s Paradox — and proves that it is quite easy for a savvy politician to manipulate the voting process in this scenario.
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Coke is made with corn syrup, not real sugar. Why is this? According to Professor Diana Thomas of Utah State University, part of the reason is because government policies artificially raise the price of sugar. Although these government policies actually cost Americans approximately $3 billion each year, the laws remain.
The law benefits one group of people (farmers) at the expense of another group (consumers). But because the cost to each American is so small, average Americans don’t have an incentive to combat the lobbying groups who fight to keep the laws in place. More from Learn Liberty.
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