Lawyers are good at politics - but not if you want growth

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Tue, February 18, 2025

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[ Tue, Feb 18th ] - CapX

Lawyers are good at politics - but not if you want growth

^{Published on 2025-02-18 06:20:51 - CapX}

In a lecture titled 'Politics as Vocation', the philosopher Max Weber noted that: 'To an outstanding degree, politics today is in fact conducted in public by means of the spoken or written word.' It was true when he said it, in 1918; it is even more true now.

The article from CapX discusses the influence of lawyers in politics, particularly highlighting how their skills in argumentation and advocacy make them well-suited for political roles. However, it argues that this dominance of lawyers in political spheres might not be beneficial for economic growth. The piece points out that lawyers, by training, focus on precedent, risk aversion, and maintaining the status quo, which can lead to regulatory environments that stifle innovation and entrepreneurship. It contrasts this with the need for politicians who understand and promote economic dynamism, suggesting that an overrepresentation of lawyers could lead to policies that prioritize legalistic approaches over economic efficiency and growth. The article uses examples from various countries where lawyers in politics have led to what the author perceives as overly cautious or restrictive economic policies.

Read the Full CapX Article at:
[ https://capx.co/lawyers-are-good-at-politics-but-not-if-you-want-growth ]

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