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It has nothing to do with oil and everything to do with bad government. E.g. Norway v. Canada. The question is how to enable politicians to take the long view
by radiorental 11y ago
It has nothing to do with oil and everything to do with bad government.
E.g. Norway v. Canada.
The question is how to enable politicians to take the long view.
- rorykoehler 11y agoNot through regular popularity contests, that's for sure. For all the positives this is the greatest flaw of democracy IMHO. There is a conflict of interest between keeping voters happy in the short term (and voters memories are very very short) and doing the right thing for the long term. This is where planned economies and single party states have the potential to out strategise liberal democracies.
- ktRolster 11y agoAnd Norway is one of the few countries that has a king instead of a president, taking an active role in government. A skillful king is better than a democracy: but the downside of a monarchy is much much worse than a democracy, which is why we prefer democracy.