While we're talking about governance problems. This stuck out to me as evidence of a misunderstanding.
> It holds that reasonable people strike a suitable balance between their own immediate desires and the good of the community at large.
This is just a poor model of how people work; it's important to have a good one if you are designing governance structures. People cater to the greater good only as a means to fulfilling their own selfish desires. Systems that wish this away instead of embracing it are doomed to failure. The system has to put the good of others on the critical path to selfish desires.