Not these three, instead something sinister
Mark Hendrickson, Contributor, Forbes writes: President Obama’s Wealth Destroying Goal: Taking The ‘Curley Effect’ Nationwide
Detroit
It’s hard to think of anything more perverse in American politics than the Curley effect. The Curley effect historically has been an urban phenomenon, but President Obama seems bent on taking the entire country down this wretched path.
As defined by Harvard scholars Edward L. Glaeser and Andrei Shleifer in a famous 2002 article, the Curley effect (named after its prototype, James Michael Curley, a four-time mayor of Boston in the first half of the 20th century) is a political strategy of “increasing the relative size of one’s political base through distortionary, wealth-reducing policies.” Translation: A politician or a political party can achieve long-term dominance by tipping the balance of votes in their direction through the implementation of policies that strangle and stifle economic growth. Counterintuitively, making a city poorer leads to political success for the engineers of that impoverishment.
Read the full insightful story here. Thanks to Doug Kelly for the forward.
