Many people ask the question; why are politics and economic growth related? Simply put politics is what we as citizens decide to do, it's what drives our economy. Economic growth on the other hand is the state of an economy at a particular time. Both play an important part in how our country will be run and how it will fare economically in the future.
Some might say that politics is just about bickering and finger pointing, whereas economic growth is all about creating the infrastructure needed to promote commerce. Although politics certainly has its share of finger pointing it also has a lot of planning and work. When it comes to economic growth, many citizens believe that politicians are too quick to take action and spend without thinking. Unfortunately, without smart planning and smart implementation most elected leaders, from both parties will spend money that they don't really have.
In the end, politics and economic growth play off of each other, as is the case with any relationship. The success of one aspect of a relationship depends on the success of the other. For instance, if there are no politics in an individual's life it is very unlikely they will develop meaningful interpersonal relationships.
As humans we come together and form relationships based upon a number of different factors. When we are faced with a political decision we make an educated guess as to what the outcome may be. We base our opinions and our actions on that assumption. Individuals without politics in their lives do not make educated guesses about what will happen. They simply act according to their gut feelings or base decisions.
However, people with politics in their lives tend to be more cautious because they take into consideration the impact of their actions on the state of the economy. If they make an educated guess as to the direction the economy may be heading they can make changes that will improve the economy over the long run. These changes are typically positive, because they result in an increase in consumer demand, higher employment, and an increase in income and wealth. All of this leads to a more efficient economy.
Unfortunately, it isn't always so simple to draw the conclusion that politics and economic growth are compatible. Sometimes people view economic growth as an equalizer. They look at both ends of the spectrum and see what they would like to have. Sometimes people look at politics and see something that will hurt them financially, such as a decrease in personal income, or a decrease in corporate profits. The end result is that these individuals blame politicians for everything bad that happens in the economy.
Many economists are aware of the tension between economics and politics. As humans, we always strive to get what we want in the end. Unfortunately, it often becomes impossible to separate our economic needs from our political needs. People must realize that there are limits to the pursuit of happiness and that sometimes the government has to step in to stop certain individuals or corporations from taking advantage of the loopholes in the system. . . . . . . In doing so, the government can either help you attain the economic growth that you desire or prevent someone else from taking advantage of you.
If politics and economic development are to ever become an issue that is dealt with by the American public, it will likely need to be tackled by the American people. Unfortunately, many people seem more concerned about their own happiness than they are about helping others. However, the best thing to do when it comes to improving your economic situation is to focus on yourself. This may require that you change your attitude and focus on your success rather than on how successful you are. It may take some time, but you will eventually start to see the light at the end of the tunnel.