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WHY AMERICAN CAPITAL WILL ONLY SWIPE RIGHT
Daniel W. DreznerTufts University November 2017
Presented at the conference, “Policy Implications of Sustained Low Productivity Growth,” November 9, 2017, Peterson Institute for International Economics, Washington, DC
THE HYPOTHRESIZED GENIUS OF AMERICAN DEMOCRACY
THE TOP 0.1 PERCENT
THE CHOICE
OPTIONS
1. PERSUASION
2. SIDE WITH ECONOMIC POPULISTS
3. SIDE WITH NATIONAL POPULISTS
THE TROUBLE WITH PERSUASION
SIDE WITH LEFT POPULISTS?
WHY THIS WON’T GO AWAY
LONG-TERM IMPLICATIONS
• Path dependent effects of historical institutionalism (Pierson 2004)
• Productive vs. unproductive entrepreneurship (Baumol 1990; Litan and Hathaway 2017)
• Political economy effects (Hacker and Pierson 2006; Brown and Hwang 2017)
• The doom loop of “pluto-populism” and government dysfunction
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