I thought this was an interesting tidbid from the first article you linked:
"Anti-market bias, he [Joseph Schumpeter] implied, is not a temporary, culturally specific aberration. It is a deeply rooted pattern of human thinking that has frustrated economists for generations."
Policy being dictated by appealing to the demands of a mob comprised of stupid, entitled, easily placated plebs isn't exactly a new problem or a U.S. specific problem, no? It's certainly not specific to democracy.
"Anti-market bias, he [Joseph Schumpeter] implied, is not a temporary, culturally specific aberration. It is a deeply rooted pattern of human thinking that has frustrated economists for generations."
Policy being dictated by appealing to the demands of a mob comprised of stupid, entitled, easily placated plebs isn't exactly a new problem or a U.S. specific problem, no? It's certainly not specific to democracy.