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The pursuit of self-interest amongst politicians and civil servants rather than operating on the behalf of the citizens which leads to misallocation of resources.
Electoral pressures leading to inappropriate government spending and tax decisions.
A tendency to look for short term solutions to economic problems rather than making analysis of long term considerations.
Distribution inequalities.
Disjunction between non market activities cost and revenue resulting in redundant and rising cost.
Faimus answered the question on February 25, 2019 at 19:23
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