Two problems immediately emerged. First, this enlargement of government power raised the value of possessing government. Second, government interventions produce unintended consequences. As a result, rather than repeal the original measure, governments frequently respond with another intervention, followed by another. The unintended consequences multiply, and so do the interventions. Growth grinds down to a halt.There is a risk in blowing all the interventions up and starting over. Mr Geloso uses the accretion of interventions in Chile leading to a quasi-Marxist government gaining control over a corpse, after which a military coup and shock therapy might have been the most extreme form of starting over. On a smaller scale, abolishing the Interstate Commerce Commission and privatizing Conrail might have done some good, that is, until the regulatory state started adding on again.
That, Mr Geloso argues, is the nature of public choice: rent-seekers and careerists in the saddle.
The danger for the United States is not that it has reproduced Chile in 1973. It plainly has not. (Yet.) The danger is that American politics is beginning to reproduce the underlying dynamic: rival movements encouraging one another to abandon liberal restraints.By "liberal restraints," he means modestly ambitious governance with enumerated, separated, and limited powers. That's not how one makes a name in "public service," and that's how things go wrong. "There must first be a long process of politicization of every aspect of social and economic life. Reverse that politicization and you halt the weakening."

