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Books > Social sciences > Politics & government > Central government > Central government policies
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10% Less Democracy - Why You Should Trust Elites a Little More and the Masses a Little Less (Hardcover)
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10% Less Democracy - Why You Should Trust Elites a Little More and the Masses a Little Less (Hardcover)
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During the 2016 presidential election, both Donald Trump and Bernie
Sanders argued that elites were hurting the economy. But, drawing
together evidence and theory from across economics, political
science, and even finance, Garett Jones says otherwise. In 10% Less
Democracy, he makes the case that the richest, most democratic
nations would be better off if they slightly reduced accountability
to the voting public, turning up the dial on elite influence. To do
this, Jones builds on three foundational lines of evidence in areas
where he has personal experience. First, as a former staffer in the
U.S. Senate, he saw how senators voted differently as elections
grew closer. Second, as a macroeconomist, Jones knows the merits of
"independent" central banks, which sit apart from the political
process and are controlled by powerful insiders. The consensus of
the field is that this detached, technocratic approach has worked
far better than more political and democratic banking systems.
Third, his previous research on the effects of cognitive skills on
political, social, and economic systems revealed many ways in which
well-informed voters improve government. Discerning repeated
patterns, Jones draws out practical suggestions for fine-tuning,
focusing on the length of political terms, the independence of
government agencies, the weight that voting systems give to the
more-educated, and the value of listening more closely to a group
of farsighted stakeholders with real skin in the game-a nation's
sovereign bondholders. Accessible to political news junkies while
firmly rooted and rigorous, 10% Less Democracy will fuel the
national conversation about what optimal government looks like.
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