To a certain extent. However, the bureaucrat has no motivation to care about the welfare of the people, not even the politician’s desire to get reelected or the noble’s incentive to make his estate successful. The bureaucrat’s incentive, by contrast, is to expand his bureaucratic empire, frequently at the expense of the nation as a whole.
But it’s still long termist. None of the cogs does the work of the whole machine itself. You also need a free press, even though their motivation is to sell pieces of paper.
In practice short-termism is ameliorated by life presidents, second chambers, career civil servants, etc.
To a certain extent. However, the bureaucrat has no motivation to care about the welfare of the people, not even the politician’s desire to get reelected or the noble’s incentive to make his estate successful. The bureaucrat’s incentive, by contrast, is to expand his bureaucratic empire, frequently at the expense of the nation as a whole.
But it’s still long termist. None of the cogs does the work of the whole machine itself. You also need a free press, even though their motivation is to sell pieces of paper.