In his candidature — and also in his nomination speech — Mitt Romney has been given a unique opportunity to transcend narrow U.S. politics and set an example to Western statesmen. Due to a crisis of credibility and a rise in the politics of patronage, the speech comes at a time when the quality of […]
Dalibor Rohac is an economist at the Legatum Institute in London.
Much is made of the low levels of income mobility in the United States. According to a Pew study released in July, Americans who are born into the very top or bottom quintiles are likely to stay there as adults. Last year, in his celebrated speech in Osawatomie, Kansas, President Obama famously deplored falling social […]