Broken Political System Biggest Cause of Negative Economic Progress and Competitiveness

Jobs and the economy are often the top concerns mentioned by voters. Now the state of our political process is being listed as the major contributor to what many see as a sluggish recovery where the middle class is being left behind.

The biggest obstacle to U.S. economic progress and competitiveness is our broken, highly partisan, political system. This is the opinion of a Harvard Business School report published last month (September, 2016).

According to the authors of the report “PROBLEMS UNSOLVED AND A NATION DIVIDED; The State of U.S. Competitiveness 2016 Including findings from Harvard Business School's 2016 surveys on U.S. competitiveness” “..we believe that our political system is now the major obstacle to progress on the economy..” and “..that dysfunction in America’s political system is now the single most important challenge to U.S. economic progress.”

Before writing specifically about the political dysfunction, the authors cover an overview of economic competitiveness, U.S. economic performance, the business environment, the need for a national economic strategy, and tax reform.  However, there is a constant theme throughout the report. All the issues addressed require a political environment that allows for collaboration, a clear discussion of opposing points of view, and agreement on public and private actions required.

The report also mentions the findings of Pew Research, findings that I have also reported and mentioned several times, that partisanship is the most divisive issue facing this country. It also lists election reforms that could be implemented to return the political process to the point where solutions could be achieved.

If our country, our states, our counties, and our cities are to make economic progress and be competitive, our political and governing mechanisms must facilitate the implementation of programs addressing the various elements of a vibrant economic system. Civility must be a cornerstone. The willingness to actively listen to all points of view, to collaborate on solutions to the root causes must be allowed to flourish.  

During the 2015 Nevada legislative session, the Senate Legislative Operations and Elections Committee introduced legislation to change the political climate in Nevada. The bill as introduced varied from the Bill Draft Request (BDR) and following a hearing, the bill language was stripped and the bill used for another purpose.

In 2017, legislators can take off where the  2015 session left off by filing a BDR then enacting  the Nevada Election Modernization and Reform Act of 2017 (NEMRA – 2017).

Jobs and the economy are often the top concerns mentioned by voters. The creation of jobs is a key argument as the Nevada legislature considers a tax increase to build a football stadium, as I write this article. Perhaps the Nevada legislature should take the findings of the Harvard Business School seriously. The key to fixing Nevada’s economy could be easier than originally thought.