Should-Read: I would conceptualize this differently. It is not a “breakdown” of democratic governance that has allowed “wealthy special interests to capture the policymaking process”. Interests have always captured the policymaking process. (i) Sometimes these interests are broad coalitions interested in (progressive) redistribution. (ii) Sometimes these interests are (narrower) interests interested in promoting entrepreneurship, enterprise, … Continue reading Should-Read: Brink Lindsey and Steven Teles: The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality