Provocation # 171 which scenario? will economics help manage the choice?
As the political situation deteriorates we can foresee several possible groupings of interests
1. The Democratic party of the professional class (The Clinton grouping)
2. The disaffected: economically injured or threatened. Ferguson, et al, described)
3. The progressives: Scandinavian style social democracy and identity politics.
4. The Catastrophe grouping: global heating, tech replaces workers, government is broken and illegitimate, collapse of food production.
5. The holders of assets.
How will mainstream economics play among these four? Can it help manage the choice, or will it simply work to maintain continuity and existing momentum?
Seems to me like a serious opportunity for economics.