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PERSPECTIVES ON POLITICS VOL: 11 NO 1 (6) answer(s).
 
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ID:   121590


Democracy and the policy preferences of wealthy Americans / Page, Benjamin I; Bartels, Larry M; Seawright, Jason   Journal Article
Page, Benjamin I Journal Article
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Publication 2013.
Summary/Abstract It is important to know what wealthy Americans seek from politics and how (if at all) their policy preferences differ from those of other citizens. There can be little doubt that the wealthy exert more political influence than the less affluent do. If they tend to get their way in some areas of public policy, and if they have policy preferences that differ significantly from those of most Americans, the results could be troubling for democratic policy making. Recent evidence indicates that "affluent" Americans in the top fifth of the income distribution are socially more liberal but economically more conservative than others. But until now there has been little systematic evidence about the truly wealthy, such as the top 1 percent. We report the results of a pilot study of the political views and activities of the top 1 percent or so of US wealth-holders. We find that they are extremely active politically and that they are much more conservative than the American public as a whole with respect to important policies concerning taxation, economic regulation, and especially social welfare programs. Variation within this wealthy group suggests that the top one-tenth of 1 percent of wealth-holders (people with $40 million or more in net worth) may tend to hold still more conservative views that are even more distinct from those of the general public. We suggest that these distinctive policy preferences may help account for why certain public policies in the United States appear to deviate from what the majority of US citizens wants the government to do. If this is so, it raises serious issues for democratic theory.
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2
ID:   121589


Insecure American: economic experiences, financial worries, and policy attitudes / Hacker, Jacob S; Rehm, Philipp; Schlesinger, Mark   Journal Article
Hacker, Jacob S Journal Article
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Publication 2013.
Summary/Abstract Even before the sharp downturn that began in 2007, many Americans were concerned about economic risks. Yet this widespread public concern has not been matched by attention from political scientists regarding how citizens experience and understand the economic risks they face or how those experiences and understandings shape their views of public policy. We develop here an argument about the role of personal economic experiences in the formation of policy attitudes that we validate using a distinctive opinion survey of our own design, fielded not long after the onset of the Great Recession. The survey tracks citizens' economic experiences, expectations, and policy attitudes within multiple domains of risk (employment, medical care, family, and wealth arrangements). These investigations show that economic insecurity systematically and substantially affects citizens' attitudes toward government's role. Citizens' economic worries largely track exposure to substantial economic shocks. Citizens' policy attitudes in turn appear highly responsive to economic worries, as well as to the experience of economic shocks-with worries and shocks creating greater support for government policies that buffer the relevant economic risk. Attitudes seem most affected by temporally proximate shocks, shocks befalling households that have weak private safety nets, and shocks occurring within the domain most relevant to the policy in question, though attitudes are also (more weakly) correlated with shocks in other domains. The magnitude of these associations rivals partisanship and ideology and almost always exceeds that for conventional measures of socio-economic status. Given the long-term increase in economic insecurity and current sluggish recovery, understanding how insecurity shapes citizens' policy attitudes and political behavior should be a major concern of political science.
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3
ID:   121591


New deal liberalism and racial liberalism in the mass public, 1937–1968 / Schickler, Eric   Journal Article
Schickler, Eric Journal Article
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Publication 2013.
Summary/Abstract Few transformations have been as important in American politics as the incorporation of African Americans into the Democratic Party over the course of the 1930s-60s and the Republican Party's growing association with more conservative positions on race-related policies. This paper traces the relationship between New Deal economic liberalism and racial liberalism in the mass public. A key finding is that by about 1940, economically-liberal northern white Democratic voters were substantially more pro-civil rights than were economically-conservative northern Republican voters. While partisanship and civil rights views were unrelated among southern whites, economic conservatives were more racially conservative than their economically liberal counterparts, even in the south. These findings suggest that there was a connection between attitudes towards the economic programs of the New Deal and racial liberalism early on, well before national party elites took distinct positions on civil rights. Along with grassroots pressure from African American voters who increasingly voted Democratic in the 1930s-40s, this change among white voters likely contributed to northern Democratic politicians' gradual embrace of civil rights liberalism and Republican politicians' interest in forging a coalition with conservative white southerners. In attempting to explain these linkages, I argue that the ideological meaning of New Deal liberalism sharpened in the late 1930s due to changes in the groups identified with Roosevelt's program and due to the controversies embroiling New Dealers in 1937-38.
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4
ID:   121594


Political economy of global finance: a network model / Oatley, Thomas; Winecoff, W Kindred; Pennock, Andrew; Danzman, Sarah Bauerle   Journal Article
Oatley, Thomas Journal Article
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Publication 2013.
Summary/Abstract Although the subprime crisis regenerated interest in and stimulated debate about how to study the politics of global finance, it has not sparked the development of new approaches to International Political Economy (IPE), which remains firmly rooted in actor-centered models. We develop an alternative network-based approach that shifts the analytical focus to the relations between actors. We first depict the contemporary global financial system as a network, with a particular focus on its hierarchical structure. We then explore key characteristics of this global financial network, including how the hierarchic network structure shapes the dynamics of financial contagion and the source and persistence of power. Throughout, we strive to relate existing research to our network approach in order to highlight exactly where this approach accommodates, where it extends, and where it challenges existing knowledge generated by actor-centered models. We conclude by suggesting that a network approach enables us to construct a systemic IPE that is theoretically and empirically pluralist.
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5
ID:   121592


Privatization and protest: Occupy Wall Street, Occupy Toronto, and the occupation of public space in a democracy / Kohn, Margaret   Journal Article
Kohn, Margaret Journal Article
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Publication 2013.
Summary/Abstract This article examines the legal and normative debates about the Occupy Toronto movement in order to illuminate the issues raised by Occupy Wall Street. It challenges the view that the occupation of parks and plazas was an illegitimate privatization of public space. In both New York City and Toronto, the courts relied on a theory that Habermas called "German Hobbesianism." This sovereigntist theory of the public was used to justify removing the protesters and disbanding the encampments. The alternative is what I call the populist model of the public, a term which describes the political mobilization of the people outside the institutional structures of the state. While my focus is on public space, I suggest the appropriation of space was the most visible aspect of a broader call for collective control of the common wealth of society. In other words, we should understand the occupations synecdochally as struggles over the meaning and power of public and private.
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6
ID:   121593


Subprime virtues: the moral dimensions of American housing and mortgage policy / Avramenko, Richard; Boyd, Richard   Journal Article
Boyd, Richard Journal Article
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Publication 2013.
Summary/Abstract The so-called "subprime mortgage crisis" has led to intense scrutiny of American housing policy, mortgage finance, and even the goods of homeownership. Some critics allege that the housing bubble and ensuing financial crisis were consequences of misguided state intervention, while others contend that the sources of the crisis lay in the pathologies of unregulated markets. Both sides, however, treat the crisis and its underlying causes primarily through an economic lens of cost-benefit analysis. Building on the insights of contemporary political theorists and the new institutionalism in political science, we consider American housing policy from the vantage of virtue theory. Not only is housing and mortgage policy inevitably normative, but public policy can be an important tool in fostering what we call the "subprime virtues" of truth-telling, promise-keeping, frugality, moderation, commitment, foresight, and judgment that are absolute prerequisites for any decent society.
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