There is a certain problem of public interest definition and implementation. I would define public interest as a sense of responsibility of an individual for the whole society and motivation to act for sake of society presently or even for future generations. Basically it is a global category, but, since it is formulated by individuals, there is a tendency of different understanding and interpretation of a public interest. As it was mentioned earlier, there is a problem to determine unified criteria covering all aspects based on global strategy however, with taking into account all basic individual values. In stable democratic systems politics should not play a conflicting role but to integrate public and individual interests in order to avoid irrationality and unpredictability. As a solution for balancing between those contradictions, politics should consolidate and fairly promote public interests. In my view, there is always an element of subjectivity in the process of legislation, and there are rare examples when the laws and regulations are introduced with full and universal admissibility. There are often cases, when someone has to follow the decision of the majority, or the decision has been dictated in some obvious or hidden way, but this doesn’t mean that the Arrow Theorem is justifying such contradictions. I consider the Theorem as a hypothetical model existing in a properly balanced combination of factors and assumptions, while the legislation system of a certain country should be based primarily on a realistic analysis and cause-and-effect relationships. And the latter factors are those I would be more worried about in case of being a CEO of an electrical utility company in a democratic state in particular and in any state in general.
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