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Imagine a restaurant whose menu and prices were voted on by the people at large. What would happen? The menu would look deranged and prices would be too darn low for the restaurant to function in an economically viable manner. The whole restaurant operation would collapse! Who said democracy is a good way to bring about stability and prosperity to an organization/operation in the long run?

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Struggling to see why the people would decide on deranged prices rather than sensible prices. Do they not like the restaurant?

Regardless, seems like a wildly inaccurate and unhelpful metaphor.

Because the self interest is to have cheap food. No majority would vote to have high menu prices.

Surely the self-interest is to have a nice restaurant? Having cheap food for a week or two, then not having the food at all, doesn't seem like something people would want.

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