A Harvard economist was stunned by the results of his study:
The political system is hindering economic development in America.
This was a key finding in Harvard Business School’s study on competitiveness. Professors, led by Michael Porter, found the political system was actually a key cause in hindering the economic development of the US.
“I’m an economist and the last thing I thought I would end up doing when I got into this project was to actually start deeply studying the political system,” Porter told Yahoo Finance. “But we’ve now concluded that’s where the root cause of where America is today. We have a lot of strengths. We are very dynamic. We have tremendous people. We have a lot of assets. We’re just stalled.”
Porter explains that while the US political system was once the envy of many nations, it has become increasingly a liability over the last two decades.