The Economics Show
Does the economy still matter for elections? With John Burn-Murdoch
Jul 1, 2024
Data reporter John Burn-Murdoch joins Soumaya to discuss the changing relationship between the economy and elections. They analyze how economic sentiment influences voter behavior in the US and UK, mentioning the impact on disaffected Trump supporters and the role of education. The podcast also touches on immigration policies, challenges in the American and British political systems, predictions for Labour and the Tories, recent election results in the UK and US, and emotional hedging in elections.
29:43
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Voters in the US and UK are showing a weakening relationship between economic sentiments and political allegiances, diverging from historical patterns in Western Europe.
- Education levels now play a crucial role in shaping voting behavior, indicating a shift towards education-based voting in countries like the UK and US.
Deep dives
The Influence of the Economy on Elections
Elections in various countries show a trend where incumbents are being punished due to recent economic challenges like inflation, but the link between the economy and voters' views on politicians is becoming complex and weak. While there was a clear relationship between economic performance and leaders' approval in the past, especially pre-2000s, recent data suggests a divergence, with limited impact on politics even during economic downturns. Unlike historical patterns in Western Europe, especially in France and Germany where views of the economy affect support for incumbent leaders, countries like the US and UK are displaying a weakening relationship between economic sentiments and political allegiances.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
