3 ms·
Yup. For the (downvoting) peanut gallery: aka "political economy". Obama Admin's compromises wrt ACA reform vs jobs has been written about. Another example of
by specialist 4y ago
Yup. For the (downvoting) peanut gallery: aka "political economy". Obama Admin's compromises wrt ACA reform vs jobs has been written about.
Another example of political economy is two different efforts to address climate crisis, with very different outcomes.
During the Obama Admin, the push was for carbon taxes. Wonks loved it. Logical, concise, moral. Complete nonstarter. Because carbon taxes has no built-in constituency that's willing to advocate and defend it.
Whereas in 2020, progressives pushed "green new deal" themed industrial policy and investment strategy. Made most everyone a benefactor. Millions of jobs. 100s of billions of dollars. Much better political economy.