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Lore Vandewalle

Articles Written By Lore Vandewalle

democracy as insurance why political competition matters when inequality is high

Democracy as Insurance: Why Political Competition Matters When Inequality is High

As the rich get richer, incumbent politicians may have more to gain by diverting resources towards them. This implies that social provision to the wider population, including healthcare, diminishes. In a tight election, however, the incumbent seeking re-election cannot entirely neglect the needs of the poor.