Political Paralysis Is the Biggest Threat to U.S. Competitiveness
A broken tax system is seen as evidence Republicans and Democrats can’t get anything done.
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The U.S. political system is America’s “single biggest barrier to competitiveness,” according to an annual study by Harvard Business School.
“Many Americans are keenly aware that the system is broken, but are unsure why it is broken or how to fix it,” says the new study, released late Wednesday [pdf]. It finds that the U.S. is in “an era of political paralysis” and says “the federal government has made no meaningful progress on the critical policy steps to restore U.S. competitiveness in the last decade or more.”