Markets only work when the GOVERNMENT and FRAUD are kept out. Enron, Worldcom and Bear Sterns were all Government or Fraud problems.
If there is widespread voter fraud nothing can predict that.
good point.
Well, to be more honest, it is that government involvement comes built in with fraud. What are political favors when done by law or regulation are very often fraud or extortion when the exact same thing is done in the private sector. For example — the section 8 minority set-asides for housing and for small business contracts within government projects would be extortion and illegal discrimination by race and gender if done in the private sector.