Do you mean progress in the good sense or the progressive political sense? I am arguing this is so in the political sense, but not neccessarily the good sense. So of course trade liberalisation would continue, because it is politically progressive, but not actual progress for many people in Western countries.
If rent control schemes are still taken seriously anywhere, is that not still a massive defeat? This theory would predict that a massive amount of energy could be poured into moving housing policy in the right direction, but only make a small amount of progress because politicians aren’t incentivised to solve housing policy, which I think corresponds with reality. What I’m getting at with housing policy is that progressive politicians may literally have no or negative incentives to fix it, and therefore the energy to do it has to be entirely public, which is a bad political design.
The Fed is not a democratic institution. China is not a democracy either. India I know little about. I don’t see how these examples are relevant to my point that in a democracy, left wing parties aren’t electorally incentivised to solve people’s problems, so we shouldn’t be surprised when they don’t, or make them worse.
Do you mean progress in the good sense or the progressive political sense? I am arguing this is so in the political sense, but not neccessarily the good sense. So of course trade liberalisation would continue, because it is politically progressive, but not actual progress for many people in Western countries.
If rent control schemes are still taken seriously anywhere, is that not still a massive defeat? This theory would predict that a massive amount of energy could be poured into moving housing policy in the right direction, but only make a small amount of progress because politicians aren’t incentivised to solve housing policy, which I think corresponds with reality. What I’m getting at with housing policy is that progressive politicians may literally have no or negative incentives to fix it, and therefore the energy to do it has to be entirely public, which is a bad political design.
The Fed is not a democratic institution. China is not a democracy either. India I know little about. I don’t see how these examples are relevant to my point that in a democracy, left wing parties aren’t electorally incentivised to solve people’s problems, so we shouldn’t be surprised when they don’t, or make them worse.