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"economics needs to answer." Economics is not a science. It's not really possible to apply the scientific method. How we value things has a serious impact to
by ddingus 4y ago
"economics needs to answer."
Economics is not a science. It's not really possible to apply the scientific method. How we value things has a serious impact too.
Don't get me wrong here. The study of economics is high value and definitely can yield insight we can put to good use, but it's not on par with science in the sense of getting answers.
I would argue the answers we seek lie more along the lines of corruption and how money in politics has empowered large enterprises to shape society to a much larger degree than we can say was generally intended. Surely, carving society into a bunch of what looks like a bunch of fiefdoms impacted growth in a negative way.
Secondly, the lack of effective representation ordinary people see in politics today has not made things better. Corruption has competed very well, pushing the voice of ordinary people, the weight of their concerns, off the table, leaving us all with a poor environment to prosper in.