from Part III - Politics
Published online by Cambridge University Press: 20 August 2021
Political moderation in developed economies after World War II owed much to the large number of stable, well-paying industrial jobs. The decline in the number of working-class jobs has dealt a hard blow to parties on the center-left, causing them to fragment into smaller and more extreme parties. This is especially true in proportional representation electoral systems, which give voters little reason to vote for large parties in the political middle. Employing a novel dataset of parties’ vote share and seat share in 35 OECD countries from 1945 to 2017, we find that every 20 percent drop in the number of industrial jobs adds one more party on the left. We find a corresponding decline in policy moderation as the left fragments. In the United States and Britain, where majoritarian electoral rules limit party fragmentation, economic insecurity takes other forms including attacks on parties’ ability to formulate and implement moderate policies.
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