When you have economic contraction you also have a substantial contraction of the trust horizon. This deprives political institutions at the national and international level of the trust that would give them political legitimacy. They become stranded assets from a trust perspective. People no longer internalize the rules that those institutions are attempting to impose. The response is typically surveillance, coercion, and repression. This picture basically suggests that it is pointless to look for solutions from the top down. It is not solutions that will come from the top down but more problems.

So politicians typically make a bad situation worse as expensively as possible.


from a quote of this article.


My idea:
How about promote a culture that president who failed to be re-elected will still be welcomed to contend in the presidental election in the future?
This should encourage those in top position make the “worse before better” tough decision. If his/her decision is wise, he/she will be more likely to get re-elected when the effects manifest.

Policy makers need to be allowed to try.

Advertisements