You should first find out how to make people (justifiably) trust those policies.
Sometimes I wonder if we’re in some sort of stalemate here. A can say: “economics show that, unless you adopt pro-business policies – e.g., lower your taxes, slash labor and consumer regulations – investors will avoid this country.” And B replies: “social science shows that, unless you adopt redistributive policies – e.g., tax the rich, protect workers and consumers – people won’t support the government.” Of course, that’s even worse when A and B identify themselves as belonging to specific classes—then it’s more a political bargain than a debate on economics. I’d like to know more about how developed countries actually faced this conundrum – as far as I know, very badly: 30 years later, the 80’s neoliberal policies are still the core of debates. But the difference between developed and developing countries regarding social trust (and trust in the government) is truly remarkable; I wonder what’s the direction of causality here.
You should first find out how to make people (justifiably) trust those policies.
Sometimes I wonder if we’re in some sort of stalemate here. A can say: “economics show that, unless you adopt pro-business policies – e.g., lower your taxes, slash labor and consumer regulations – investors will avoid this country.” And B replies: “social science shows that, unless you adopt redistributive policies – e.g., tax the rich, protect workers and consumers – people won’t support the government.” Of course, that’s even worse when A and B identify themselves as belonging to specific classes—then it’s more a political bargain than a debate on economics. I’d like to know more about how developed countries actually faced this conundrum – as far as I know, very badly: 30 years later, the 80’s neoliberal policies are still the core of debates. But the difference between developed and developing countries regarding social trust (and trust in the government) is truly remarkable; I wonder what’s the direction of causality here.