A nuanced reassessment of US democratic responsiveness and public opinion on economic policy that explores the real reasons government does not do more to mitigate inequality.
Many believe that the United States’ growing economic inequality is the result of a political system that has been captured by wealthy elites. But is economic capture actually the problem? In A Tolerance for Inequality, Andrew J. Taylor examines this question from multiple angles, drawing on public opinion data and analyses of representation in Congress. Taylor finds that economic policy outcomes are more reflective of public opinion than the common wisdom suggests.
Broadly, less-affluent Americans’ policy preferences are not meaningfully different from the preferences of other Americans, and Washington is responsive to these preferences. Although politicians are more affluent, on average, than most Americans, this does not prevent them from representing the economic views of their poorer constituents. Today’s Democratic Party is more interested in regulation and supplying public goods than redistributing wealth downwards, and political reforms designed to provide more equal outcomes are largely misguided. In short, Americans get the kind of economy they at least say they want.