Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Investing

Backlash: Good Intentions Can Have Counter-Productive Consequences

Jeffrey Miron

This article appeared on Substack on August 31, 2023.

Many policies have good intentions and aim to address real problems in the economy or society. A standard concern, however, is that government attempts to fix such problems generate backlash, meaning heightened antipathy toward an intervention’s goal. Affirmative action or sexual harassment policies, for example, might increase resentment toward minorities and women.

A recent paper provides evidence of backlash in a different context:

The 1965 Voting Rights Act (VRA) paved the road to Black empowerment. How did southern whites respond? Leveraging newly digitized data on county‐​level voter registration rates by race between 1956 and 1980, and exploiting pre‐​determined variation in exposure to the federal intervention, we document that the VRA increases both Black and white political participation. Consistent with the VRA triggering counter‐​mobilization, the surge in white registrations is concentrated where Black political empowerment is more tangible and salient due to the election of African Americans in county commissions. Additional analysis suggests that the VRA has long‐​lasting negative effects on whites’ racial attitudes.

And, backlash seems to occur widely:

Do laws affect the beliefs and attitudes held by the public? Using data from [American National Election Surveys], the [General Social Survey], and Gallup …, I find robust evidence that virtually every major U.S. social policy law of the past half‐​century has induced significant backlash. That is, the public moved in the opposite ideological direction of each law.…

The Civil Rights Acts of the 1960s, the legalization of abortion in the 1970s, the relaxation of gun control beginning in the 1980s, the Defense‐​of‐​Marriage Acts of the 1990s, the legalization of marijuana beginning in the 2000s, the legalization of gay marriage in the 2010s, and more – across various categories of social policy and across the ideological spectrum, backlash has time and time again been the consequence.

The fact that laws can generate backlash does not, by itself, make them undesirable; benefits might still exceed costs. The possibility of backlash, however, should give pause about imposing “good things” on the citizenry. Sometimes the treatment is worse than the disease.

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved