Popular opinion on trade: Mancur Olson called this the 'dormant majority', Neil Komesar the 'minoritarian bias' in public decision-making.
Either way: the majority opinion doesn't find its way into policy. #governancefailure or #logicofcollectiveaction ?
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This may well be evidence of how difficult it is to downscale domestic support and protection measures once pandora's box has been opened.
Rent-seeking lobby groups have won territory that they will defend virulently. #logicofcollectiveaction #IPE
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Genuine question: how would an 'economic NATO' respond to this scenario? Or: how would it NOT respond and why?
#IPE #LogicOfCollectiveAction
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