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The U.S. Capitol is seen at night on the eve of the federal government shutdown.
The U.S. Capitol is seen at night on the eve of the federal government shutdown.
(KEVIN LAMARQUE/REUTERS)

Political dysfunction puts America on the path to poverty

It’s easy to roll your eyes at the dysfunctional U.S. Congress – I’ve certainly done my share. For now, we can only wait patiently for the usual archaic culture war and organized rent-seeking to fade to the background.

But pioneering research from MIT economist Daron Acemoglu suggests that we should all be paying more attention, and that declining faith in political and financial institutions presents dire risks to the economic future of the Western world.