Floating Button
Home Views Global Economy

The costs of victimomics

Raghuram G Rajan
Raghuram G Rajan  • 5 min read
The costs of victimomics
In the US, some politicians claim that deserving native-born students are being kept out of top universities / Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

For an enterprising politician, perhaps the easiest political strategy nowadays is to tell unhappy voters that they are victims — of the biased policies of incumbent elites, of the schemes of other groups, of cunning foreigners. This is especially true when the unhappy group is a distinctive and (usually) large segment of the voting population, and when those being blamed either do not vote or constitute a small share of the electorate. As long as someone else can be blamed, the enterprising politician need not demand anything from unhappy voters; simply promising an end to their victimisation will be enough.

Yet, as the American essayist HL Mencken famously quipped, “for every complex problem, there is an answer that is clear, simple, and wrong.” In most cases, the victimhood argument fits this description, which helps to explain why supposed fixes often make things worse.

For example, in many Indian cities today, local politicians are proposing minimum employment quotas for the locally born, arguing that too many of the new, high-quality private-sector jobs are going to migrants from other parts of the country. What they fail to see is the vibrant local conditions that have attracted the best and the brightest from elsewhere. The fact that immigrants fill more of the quality jobs need not be (and is most likely not) the result of discrimination; it may simply reflect their greater merit.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.