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Thursday, July 22, 2010

WHY THE OVERALL CONDITION OF THE USA ECONOMY IS ONLY ONE AMONG A NUMBER OF INFLUENCES IN DETERMINING ELECTORAL OUTCOMES

Today's Buggy Topic Is . . .

Captured pretty faithfully by the subject-title above, except that the two long buggy posts --- left at Economist's View --- range much more widely than it suggests.  In particular, it shows how the American electorate has become polarized increasingly since the 1960s by a host of social, cultural, moral, and economic influences, with the economy itself --- especially the role of the government in the market-economy and the controversies over a number of economic and social policies --- becoming more and more "moralized"as well between liberals and conservatives. 

 In the process, the pathbreaking electoral model worked out in the 1950s and 1960s by political scientists --- 1) the two political parties will converge in key elections on wooing the "median" voter, and 2) additionally, since voters are rational and will cast their votes for largely self-interested economic issues, over time there will be gathering pressures for the majority of voters to clamor for more and more income redistribution to offset income-inequality --- has had to be replaced by a new model of the electorate's dominant political outlooks that reduce the state of the economy to just one among these wider influences.

Click here for the two buggy posts, with lots of hard evidence --- including excerpts from two recent and important academic studies --- as well as the angry retorts by some irked left-wing posters.