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In the US, "People, elected and held accountable by citizenry at large" found that banks were "too big to fail." They did not restrain "the power of the actors
by adolph 5y ago
In the US, "People, elected and held accountable by citizenry at large" found that banks were "too big to fail." They did not restrain "the power of the actors in [the market] in check." What makes you think it'll be different this time?
- sbarre 5y agoPlenty of people will argue that the US is not a great example of a functioning democracy where government is held accountable by the citizenry at large. So your example is valid but maybe not for the point you're trying to make?
- dbingham 5y agoThe US is not a good example of a functioning democracy. Our federal representatives have to represent 700,000 people. The state legislatures get to shape the federal districts, which means the representatives effictively get to pick their voters instead of the other way around. Our senate is grossly undemocratic, giving each state two representatives regardless of population, leading to minority rule. And our presidential election system is expressly anti-democratic. There are lots of good examples of better functioning democracies and a fair amount of theory on reforms that could improve even those (things like ranked choice voting). That's why I said "Build the most responsive democracy we can".
- adolph 5y agoWhere would this ”responsive democracy” be built? Libya, Somalia or some other zone of low governance?