Unless you have been living in a cave you know that the Governor of Illinois is in trouble for auctioning off the Senate seat of President-elect Barack Obama. This is because Governors have the right to appoint the replacement when Senators resign or leave office for whatever reason. I would argue that auctioning off the Senate seat would actually be more efficient then the Governor picking someone. Of course, this is assuming that the money goes to the state budget.
If we assume that the people bidding on the Senate seat are self made men, as in they did not receive a dime from the federal government in a subsidy, then it would be more efficient. Think about this. If the Senate seat goes to the highest bidder then they obviously want it the most. They are now the most invested. Isn’t this what politicians do anyways during elections? The raise money and 9 times out of 10 the highest fundraiser wins. To go with the first assumption that they are self made, then we also assume that they are probably a very successful businessman. In a Capitalist society, one must using their money wisely to stay rich and assuming he is a self made man means he has made good investments.
Since the highest bidder has worked hard and made lots of money all the while making good investments, he will be more invested in the economy. At a time like this we need people who better understand business. Not to say that you need to be a businessman to know throwing money at a problem doesn’t fix it i.e. teenagers. Now let’s take a look at the opposite way this system is suppose to work without auctions.
So now we must assume that no one can even secretly bid for this seat. The next door neighbor can not even come over with cookies. Then the decision is completely up to the Governor. Who would he pick? Well, if we assume he wants to not look selfish and keep his position, himself is out. That leaves family and friends. Now it would be come graph of trying not to look selfish by giving it to his brother or wife but at the same time keeping that person close, we should come out with his best friend who looks good on paper.
So you tell me whats better a sucessful business man or someone who is a good friend of the Governor of Illinois?
If we assume the point of a Republic is to have the representative represent the populous. I would imagine the businessman who made his money in the community and has spent a lot of money in that same community would do a better job. This is not to say that a special election would solve all of these problems but since that wasn’t an option. I personally think an auction is more efficient than a random appointment.