Jesse Jackson protested

Recently, Megan McArdle wrote about the Principal-Agent Problem in regard unions and membership. Many observers believe this problem exists as well between Black leaders and the Black community. WLS TV in Chicago has a report on a protest against Jackson and his effort to draw attention to the need for jobs.

"We are tired of coming here to voice our opinion when we got African-American people sitting at the table and saying they represent our interests and playing this puppet game," said one protester.

Another said, "What has he sacrificed for his beliefs? Us. We've been sacrificed. On the altar of his political ambition our people have been destroyed."

What is interesting is Jackson's responce: "They lashed out at Dr. King, they lashed out at Nelson Mandela, they lashed out at Jesus, so all of those who fight for change become the object of frustration."

This statement only reflects how out of touch Jackson is from the people he claims to represent. Principal-Agent Problem indeed.