When former President Bill Clinton showed up at the White House in early 2023, he was there to join President Joe Biden to celebrate the 30th anniversary
Human Capital, use it up until it can’t function anymore.
These old pols are cogs in the machine, and the opportunity cost of replacing them is too high for the ruling class. So they just keep using them until they fall apart. It’s all about the value of connections, and they already paid for these.
Human Capital, use it up until it can’t function anymore.
These old pols are cogs in the machine, and the opportunity cost of replacing them is too high for the ruling class. So they just keep using them until they fall apart. It’s all about the value of connections, and they already paid for these.