How Elections Damage the Economy

2024 is set to be the biggest election year ever, with nearly half the world's population heading to the polls! While democracy is generally a good thing, elections can create turmoil in economies, adding uncertainty to everything from trade to taxes. In this video, we dive into how elections can disrupt national economies, the real costs of political uncertainty, and whether we can minimize these economic disturbances for smoother transitions of power.

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[nunyabidness]

My first job after leaving the military was industrial paper sales. It was ‘92 and one of my customers was too nervous about the election to place his regular restock order. He ran a metal working shop with over a dozen employees. His restock needs were a couple hundred dollars including a case of toilet paper for the restrooms. It was three weeks until the election, and this guy was so worried about Bill Clinton, he didn’t order TP even after I pointed out that no matter who won, he was going to need TP the next day.

Elections are actually problematic, but of course, not having them is more problematic.

[LuKox]

Scheduled elections are bad, but without them there is a chaotic struggle for power, which looks stable from the outside, but once there is a major shift, the consequences are tenfold worse than combined effect of elections.

[kernel]

One thing I dont think your channel gets enough credit for, is your humor, your Uzbekistan line coupled with the clip of the politicians in an all out brawl had me 😂😂😂, keep up the great work!

[guavaguy]

No way you made a Jeb bush reference at the end. Hahaha

[fchurca]

4:10 Argentina is a country where everything changes in a week, and yet nothing changes in a decade 🧉

[michaellorenzo]

Do “are people bad for economies” next

[AliHSyed]

Put democracy on the Economics Explained leaderboard

[AlphaJuillet]

"please clap" had me in stitches, bravo

[martinzihlmann]

The problem is not elections but the two party system. In Switzerland we have a continuous history of a coalition government including all major parties for around 150 years, we basically don't have an opposition party. Elections here don't result in drastic changes, but rather slightly correct the course a bit. Also we have a system of direct democracy alongside the representative one, which is the superior form of democracy in my opinion.

[willemvanriet]

US car manufacturing still hasn’t recovered from their protectionism against Japanese cars. They’re still rubbish quality with regular recalls and maintenance issues

[relaxedsack]

ill take the cost of an election over the cost of authoritarianism any day

[GREEDONOMICS]

For anyone interested in getting deeper on the topic, I'd highly recommend Hoppe's Democracy the G-d that Failed. Really unique and interesting perspective on the incentives created by democracy and their impacts on the economy.

[Ben]

3:40 Arasaka? Haha great vid keep it up EE

[rhysmacefield]

The UK had an election this year. You forgot to add it to the map at the beginning.

[PatriciainOz]

Thanks for sharing. IT IS TRUE CANDIDATES WILL PROMISE A LOT. For Example in 2007 I started a campaign for a city council seat and I was "coached" to mention saving the library and making it more accessible. Well LO AND BEHOLD the city council members had NO (NADA NOTHING) impact or control over the local library but, my "campaign consultant" told me to promote that I was going to "Save" the library. This along with a few other realizations i learned made me cease my campaign and join the proverbial peanut gallery. Since that time over five candidates have repeated the same claim they can "SAVE" the library in their campaign runs. So, Yes, candidates can say whatever they want whether its true or factual is up to the voter to find out. Side Note: I also returned donations to my campaign to people because I understood how that money could do better in their pocket than some regional political party coffer

[ZeroZeke-]

In the USA, it’s good for the Post Office at least. Lots of political mail.

[Schwarzie]

As someone who is an industrial manufacturers rep in Michigan the simple answer is yes.

[thoughtbiscuits]

lol! The please clap reference at the end got me.

[animenerdmillion]

Funny enough i had to write the answer to the same question in my political science exam.

[zebgr]

Never have i ever been this early to an economics video before