Technocrats' Dilemma: Insulation vs Backlash

Insulating expert policymaking (central banks, independent regulators, rule‑based permitting) reduces short‑term political whiplash and encourages long‑horizon decisions, but excessive insulation without democratic translation builds a compensatory populist politics that weaponizes legitimacy claims (e.g., indictments, public delegitimization) to reassert control. The result is a recurring governance cycle where technical fixes lower routine volatility but raise systemic political risk. — Framing the trade‑off as a governance dilemma makes clear that design choices about agency independence, transparency and accountability are central levers for preventing both chaotic short‑term politicization and corrosive long‑term backlash.