How political dynasties hurt the local economyMen pull a trolley of agricultural products along a street in Manila on May 9, 2024. MANILA, Philippines — Political dynasties hurt the economy. Now, no less than the country’s chief economist has plainly said it: a political dynasty hinders economic growth. But how exactly does a political dynasty hurt the local economy? “When there's so much political dynasty at the local level, that inhibits local economic performance.