Sadly many, most politicians haven’t a clue about economics and it shows!
In the US most politicians are very educated, solely in law. Supply and Demand the two levers of Economics are foreign to them.
Social programs, Environment, fairness and so called equity is the seeming main goal. These are all noble beliefs, but you can’t run a home, school ,industry or country on social programs alone.
The opposite is also true, those that only focus on $$$ MONEY, do not nurture their children, employees or citizens.
Perspective and Proportion is important to help hold the whole thing together.
Social changes need to be made conservatively, and analyzed for appropriateness. Throwing the baby out with the bath water is done not by leaders but inexperienced fools!