Politics is crippling the US economy, Harvard study says

[applegrove]

Politics is crippling the US economy, Harvard study says

By Lonnie Shekhtman at the Christian Science Monitor

http://www.csmonitor.com/Business/new-economy/2016/0915/Politics-is-crippling-the-US-economy-Harvard-study-says

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Large corporations are flourishing, given that they can move operations to any country with a friendly tax environment and skilled workers. Small businesses with fewer than 500 employees, which used to be country’s most reliable job generators, are suffering. Since the 1980s, shows the report, the number of new businesses forming in America has tanked.

Not only are fewer forming, more are going out altogether. Since the Great Recession of 2008, the number of small businesses has further declined by more than 5 percent, the study points out, “unprecedented since data became available in 1977.”

A dearth of national investment in secondary education and infrastructure, the political system, and health care were identified as other major barriers to American competitiveness. At the right levels, the study's authors that, investment in those things should lead to equal prosperity for all.


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