Price system coordinates millions of pieces of information in a single

Price system coordinates millions of pieces of

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Price system coordinates millions of pieces of information in a single transaction 70 Haidt: American Liberal Wisdom Governments can and should restrain corporate superorganisms Some problems really can be solved by regulation 71 72
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11/20/19 4 Lawmakers’ Polarity Increased Since Great Depression and World War Two 73 Citizen Polarization is Increasing 74 But, Politicians are More Extreme than Constituents, As are the More Politically Engaged 75 76
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11/20/19 5 Causes of Polarization Yes Growing inequality and political polarization are tightly correlated Southern realignment Maybe More money in politics – correlation with increased individual contributors (small and large) who are more extreme? Probably not Media environment Gerrymandering, primary elections Voters more polarized 77 Is polarization a bad thing? Cross-country comparison No relationship between polarization and measures of freedom and welfare Polarization Good Policy innovation and alternation Two parties or majority coalitions are responsible to the electorate More active electorate, increased political participation Polarization Bad US Constitution, many veto points, gridlock – poor quality legislation, reduced policy innovation Shift of political decisions upon deadlock on status quo: to bureaucracies, president, courts Coarsened political discourse? 78
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