From Arnold Kling:
There are two types of checks on power… In A.O. Hirschman’s famous terminology, voice is the use of the democratic check, while exit is the use of the market check. Exit is much more powerful.
From Arnold Kling:
There are two types of checks on power… In A.O. Hirschman’s famous terminology, voice is the use of the democratic check, while exit is the use of the market check. Exit is much more powerful.