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WITH SPECIAL GUESTS: ANDREW Z. SMITH, STEPHANIE SMITH, COMRADE MISTY, CHRIS S, & MORE!!!! This #Politics #LiveStream discusses political equilibrium in a two-party representative democracy, in which the political parties are CAMPAIGN DONOR MOTIVATED and voters trade off their policy preferences against their ‘party identity’... It is shown that the parties will in general adopt differing policy positions in equilibrium, and that, under certain qualifications, the winning policy will lie between the more popular party's preferred policy and a certain utilitarian optimum. The winning policy will be closer to this utilitarian optimum the less biased the electorate is in terms of ‘party identification’. With Money IN POLITICS, the Equillibrium is way off the mark,,,
