Attention Economy


Sunday, November 6, 2016

Political Institutions and Economic Growth

WHY AMERICA IS RICH, AT LEAST FOR NOW by Adam Davidson
http://www.newyorker.com/business/currency/more-jobs-a-strong-economy-and-a-threat-to-institutions

A thought-provoking piece from Germany’s influential news magazine - Der Spiegel:
“For the last year, American democracy has become a circus, one in which the most outlandish gag gets the most applause. And it won't be without consequences: The country will have to live with the scars of this ugly campaign for quite some time to come. Make no mistake: When the advances of civilization are set aside, even if only temporarily, fractures are the result and they aren't easy to repair. When arguments don't count and lies are accepted as truth, when politicians have entire teams working to spread disinformation, democracy as we understand it ceases to exist.
Clinton and Trump have managed to drag US politics -- already not the purest of spectacles -- into the muck. With the help of the hysterical media, they have transformed the race into a soap opera, and this time, reality has far exceeded even our wildest imaginations”