Economics

U.S. Economic Performance

Report

The New Challenge to Market Democracies: The Political and Social Costs of Economic Stagnation

October 20, 2014, William A. Galston

William Galston explores the difficulties market democracies face in an era of diminished growth and a weakened middle class. Galston argues that if the West fails to address economic stagnation, other domestic and foreign policy issues will prove intractable. Economic stagnation means a continuation of gridlocked, zero-sum politics and represents a threat to democratic institutions, he writes.

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