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Political Bubbles by Keith T. Poole, Howard Rosenthal, Nolan McCarty

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ACKNOWLEDGMENTS

AT THE CLOSE OF OUR LAST BOOK Polarized America: The Dance of Ideology and Unequal Riches, we speculated about what might end the cycle of economic inequality and ideological polarization that the United States had witnessed over the past thirty years. Having carefully ruled out all the “small ball” solutions (e.g., open primaries, gerrymandering reform, campaign finance reform), we tried to go deep. One of the scenarios we laid out was a political realignment engendered by a financial crisis such as that of the 1930s, which ushered in the transition from a laissez-faire political economy to the New Deal.

We were chided by a few colleagues who found us unduly pessimistic. Surely the system could be changed short of financial calamity. ...

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