Can democracy help with inequality?

Daron Acemoglu, Suresh Naidu, Pascual Restrepo, James A Robinson 07 February 2014

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There is a great deal of concern at the moment about the consequences of rising levels of inequality in North America and Western Europe. Will this lead to an oligarchisation of the political system, and imperil political and social stability? Many find such dynamics puzzling given that it is happening in democratic countries. In democratic societies, there ought to be political mechanisms that can inhibit or reverse large rises in inequality, most likely through the fiscal system.

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Topics:  Politics and economics Poverty and income inequality

Tags:  democracy, Inequality, redistribution, Median Voter, Director’s Law

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