Four Lost Decades: Why American Politics is all Messed-Up
Countries with dysfunctional economies tend to have dysfunctional political systems, in which radical groups look for someone to blame and rival interest groups fight over the spoils. And that, sadly, is where we are now.
.. Income stagnation can’t be wished away or inflated away: it’s a central and intractable fact of modern American life, and it provides the backdrop for almost everything that happens in Washington—the coming antics not excepted. Political polarization, posturing, and gridlock aren’t fun to watch. But in a country where a successful economic model has broken down, they are just what you’d expect to see.