Winning economic policy

Submitted by mlinksva on Fri, 2006-08-11 13:31.

I've only glanced at this, but it seems apropos -- Should the Democrats move to the left on economic policy?:

Under our model, it turns out to be optimal for the Democrats to move slightly to the right but staying clearly to the left of the Republicans' current position on economic issues.

Of course I'm sure many here will think "the Democrats can move plenty in the direction of less economic interventionism without moving to the 'right'."

should be no surprise

#2214 On Mon, 2006 08 14 15:40 chooseliberty said,

75 years ago, Hotelling showed what happens in a competition between two parties competing along one spectrum. In the long run they both move to the center, keeping just enough distance to be recognizable. Patri Friedman wrote about this two years ago. Voters will always pick the viable party closest to them, regardless of the distance. This explains why an experiment would show that moving a little to the right would help the party gain votes (which is both the motivation for each candidate as well as the reason why politics is a giant mess). It also explains why Freedom Democrats may be garnering attention, we are starting to look more like libertarians than the Neocon party. It also shows, as you alluded to, that making politics a multi-dimensional space (by educating the consumers) is a must step in this fight.