Political creative destruction is likely to be opposed ________.

Question

Quizplus · Accepted Answer

Political creative destruction is the process of destroying existing political institutions and replacing them with new ones that better serve the needs of society. It is likely to be opposed less in an economy with inclusive institutions, as such economies have more open, competitive, and diverse political institutions that allow for peaceful competition and innovation. In contrast, economies with extractive institutions have more closed, oligarchic, and monopolistic political institutions that are resistant to change and innovation, making it more difficult to implement political creative destruction.

Political Creative Destruction Is Likely to Be Opposed ________