Viewing economic outcomes as divorced from politics risks serious misunderstanding and virtually ensures regulatory failure.
France, like many Western European countries, has strong campaign finance laws and a vibrant multiparty system. Yet even there, money has had a corrosive effect on democracy, as private donations have an outsized impact on electoral outcomes.
Institute Senior Economist Pia Malaney sees the election of Donald Trump as a message from the Rust Belt signaling a systemic failure in US political economy
Austerity has nurtured resentments that will likely make the populist right PVV the biggest winner in the March 15 election — but without the majority or the allies needed to govern