The one glaring omission in Draghi’s plan for Italy: collective action

Italy’s new government, led by the former President of the European Central Bank, Mario Draghi, has pledged to confront the key problems facing the country. Andrea Lorenzo Capussela argues there is nevertheless one notable omission in the plan Draghi has set out: collective action. To break from the inefficient equilibria that structure Italian society, citizens and firms must receive credible signals that change will be sustained. Sending them, however, would be an eminently political act.