presentation: why american capital will swipe right ... · 11/9/2017 · why american capital will...
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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
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THE HYPOTHRESIZED GENIUS OF AMERICAN DEMOCRACY
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THE TOP 0.1 PERCENT
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THE CHOICE
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OPTIONS
1. PERSUASION
2. SIDE WITH ECONOMIC POPULISTS
3. SIDE WITH NATIONAL POPULISTS
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THE TROUBLE WITH PERSUASION
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SIDE WITH LEFT POPULISTS?
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WHY THIS WON’T GO AWAY
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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