Western Politics’ Locust Years

Instead of bowing to polarization and paralysis, policymakers should be promoting growth- and productivity-enhancing infrastructure investments, funded at exceptionally low interest rates


NEW YORK – Since my teenage years, I have been fascinated by the permutations and machinations of national politics. Today, I find myself focusing on broader political trends that also help to explain global economic issues.

One such trend is the political fragmentation and polarization evident in Western democracies. Fringe movements, some operating within established political structures, and others seeking to create new ones, are placing pressure on traditional parties, making it difficult...


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