Does policy matter?
Business Standard|August 26, 2024
Lessons from two elections and one ongoing campaign
Does policy matter?

The last of the national elections that defined 2024 which was, by any standards, an epic year for election enthusiasts is rapidly approaching. Three score and ten days remain for the citizens of the United States to pick a government; and, while it was the Republicans who were the party of Abraham Lincoln, it is the Democrats who are clothing themselves in his mantle this time around, declaring they are "for the people".

One question that is worth asking at this point, however, is this: Are elections about policy, after all? The Democratic Party has surged in opinion polls recently - though probably not enough to win because of what people are calling "vibes". The replacement on the ticket of the current octogenarian President by his much younger vicepresident seemed sufficient to significantly expand the party's coalition of voters. Data shows, for example, that the median age of donors to Kamala Harris' campaign is 56, while the same statistic for Joe Biden's campaign was 66. (The distribution of donors to the President was also significantly skewed, with the mode at above 70.) This has happened without a significant shift in policies. After all, vice-presidents cannot exactly define themselves independently from the Presidents they serve.

To some extent, Ms Harris' rhetoric about issues like peace in West Asia is distinct from that of her boss in her convention speech, she focused both on defending Israel but also on the rights of the Palestinians. But the criticism that her campaign has been light on broader policy initiatives may be relatively justified.

But, if the vibes are working, do policy proposals even matter? Perhaps it does under certain circumstances.

この蚘事は Business Standard の August 26, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Business Standard の August 26, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

BUSINESS STANDARDのその他の蚘事すべお衚瀺
Business Standard

Higher volume, profitability gains for GAIL India

GAIL India's second quarter (Q2FY25) performance met expectations.

time-read
3 分  |
November 08, 2024
Business Standard

MULTI-ASSET ALLOCATION FUNDS: Ensure fund's equity exposure and strategy match your risk appetite

A recent analysis by Ventura Securities of 25 multi-asset allocation funds (MAAFs) reveals that many of these funds have outperformed a large number of equity schemes over 1-5-year timeframes.

time-read
2 分  |
November 08, 2024
Business Standard

Markets fall over 1% after two-day rally

IN THE RED Sensex intraday

time-read
1 min  |
November 08, 2024
Industry bodies urge FinMin to ease TDS rate structure
Business Standard

Industry bodies urge FinMin to ease TDS rate structure

Proposal seeks to lessen compliance burden on taxpayers and avoid litigation

time-read
1 min  |
November 08, 2024
After SC rap, Centre doubles penalty for stubble burning
Business Standard

After SC rap, Centre doubles penalty for stubble burning

Burning issue

time-read
1 min  |
November 08, 2024
Business Standard

Proactively made all disclosures, recusals: Sebi WTM on Cong's charges

Ananth Narayan, whole-time member (WTM), the Securities and Exchange Board of India (Sebi), has responded to allegations of conflict of interest due to personal investments.

time-read
1 min  |
November 08, 2024
Business Standard

Market regulator may water down skin-in-game rules for MF executives

The Securities and Exchange Board of India (Sebi) has shown intent to relax the skin-in-the-game norms applicable to senior executives of the mutual fund (MF) industry.

time-read
1 min  |
November 08, 2024
Business Standard

MSCI adds 5 Indian stocks to key index

MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weighting on the index to 20 per cent, further narrowing the gap with China.

time-read
1 min  |
November 08, 2024
Trump's triumph: Will bulls run amok and gold, silver sparkle?
Business Standard

Trump's triumph: Will bulls run amok and gold, silver sparkle?

Top brokerages highlight opportunities, risks, and contradictions the new administration may offer

time-read
3 分  |
November 08, 2024
REIMAGINING ROLE OF AGRICULTURE
Business Standard

REIMAGINING ROLE OF AGRICULTURE

In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics

time-read
6 分  |
November 08, 2024