Consider this chart from Thomas Edsall’s column in the New York Times:
If you ask why business dynamism is waning, you’ll likely receive an array of opinions that align with ideological prejudices. And therein lies the problem, suggests Edsall:
In theory, elections are designed to put in office politicians skilled at winning enactment of legislation. At the moment, however, polarization is resulting in the election of men and women who are opposed to governing, if governing requires them to compromise.
In these circumstances, the economy will be held hostage in the battle for supremacy between two ideological poles, with no relief in sight.