Restoring Accountable Governance

Collective Action When Market Forces Overwhelm the Nation State

Institute for New Economic Thinking President Rob Johnson gave the Young Scholars Intitiative keynote address on June 1st at the Festival of Economics in Trento, Italy.

Johnson spoke about our modern world where the resources available to corporations are overwhelming relative to those of individual citizens, and where the power of international markets that private actors can tap into often exceeds that of any one sovereign state. This dynamic creates great difficulty for modern democracies, as evidenced in the decreasing responsiveness and accountability of many democratic political systems to their electorates. The way democratic societies deal with these challenges will shape much of the 21st century, he suggested.

Johnson was introduced by the program manager of the Insitute’s Young Scholars Initiative (YSI), Jay Pocklington.

Watch the full keynote address here.