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Globalisation – while providing a net good, has diffuse benefits.
Even if the calculated gains from the proposal were real (and they may not be), championing diffuse benefits over identifiable costs is always hard politics.
Or, to be more precise, even if they notice the diffuse benefits (cheap jeans and high-tech gadgets), they fret about the visible losers, starting with workers whose jobs are shipped overseas.
(Focus Group 3) More diffuse benefits in the form of increased confidence and independence were mentioned by users of LTOT and their careers.
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"One Laptop Per Classroom" certainly doesn't have the same ring, to be sure, but it would better diffuse the benefits in the short term, helping a greater share of those almost two billion children who have not been reached.
That the effect of the sequester has been relatively benign so far strikes me as a data-point in favour of relatively inflexible fiscal rules, such as debt-ceilings and balanced-budget amendments, capable of somewhat offsetting the diffuse-cost/concentrated-benefit dynamic that otherwise drives democracies toward imbalance and ruin.
"That the effect of the sequester has been relatively benign so far", he writes, "strikes me as a data-point in favour of relatively inflexible fiscal rules, such as debt-ceilings and balanced-budget amendments, capable of somewhat offsetting the diffuse-cost/concentrated-benefit dynamic that otherwise drives democracies toward imbalance and ruin".
Their costs are too diffuse, and their benefits too concentrated.
The NFU has made its position clear, objecting to the government's proposal to "maximise reductions in diffuse pollution and benefits to the wider environment".
I think this shows that my colleague is missing something when he describes the dynamic of concentrated benefits and diffuse costs that can lead to higher government expenditures.
I happen to believe that globalisation is of greater benefit to all western consumers, because their purchasing power is increased, but accept that the benefits are diffuse, and the losers and winners of globalisation tend to be different people.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com