Governments' Covert Deals Distort Markets and Harm Citizens Worldwide
Governments can create problems called government externalities when they make decisions that affect us without our input. These externalities happen when politicians make secret deals with special interests that go against the rules. Just like market failures, government externalities can hurt people who aren't involved in the decision-making process and mess up how goods and services are produced and traded. This shows that how governments work can impact both how they are run and how markets operate.