What I determine from those kind of surveys, people appreciate ‘athoritarian-like’ politicians, or those who tend to govern by being loud and forceful. These are qualities in a leader that many seem to admire to a certain extent, not an authoritarian system.
Sure. If you look at a broad spectrum of political views, both US parties tend to score in the authoritarian “zone”, GOP more, Dems a bit less.
So I want to cast that out, because I didn’t intend to make the argument that people actually want authoritarianism, clearly that’s not the case. But I am fearful of the far-right (or the populist-right, or however you want to define them) who don’t value individual liberty nearly as much as they idealize national greatness and unity.
The highest concentration of these will be with the Dems and Repubs who identify as “neocons”.
Now, in the beginning of your response, you basically make the case that the rise of income inequality derives from inflation. I study Public Admin, not specifically economics, so I wonder what you think about the Volcker Shock in the 80s. Inflation was high and to attack inflation, Volcker increased interest rates that had the adverse effect on employment, and household debt increased.
Hmmmm. If the question is “what’s worse, high inflation or high unemployment” the answer is high inflation, IMO. High inflation impoverishes everyone.
Volcker took over in 1979, when we were already at or close to double digit inflation levels. He had to do *something*, and to Volcker (and the quantity theory), inflation was caused by having lots of dollars swimming around in the economy, which we had. Stagflation had basically disproved the Phillips Curve, so he was left with choking off inflation using interest rates to decrease the money supply.
According to Gérard Duménil and Dominique Lévy, the finance sector wanted high interest rates so to increase income in credit, justify slashing the welfare state, alongside the real goal of fighting inflation.
I…..really don’t think that was much on Volcker’s mind. Certainly not as much as price stability.