Poor standard of living makes democracy difficult to maintain: Martin Wolf at BS Manthan

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  • Опубліковано 10 вер 2024

КОМЕНТАРІ • 4

  • @richardpeterson1383
    @richardpeterson1383 28 днів тому

    Martin Wolf is brilliant as usual. He is so correct about Trump.

  • @fatsc6h6
    @fatsc6h6 5 місяців тому

    Briliant

  • @PhilipWong55
    @PhilipWong55 5 місяців тому

    The world's richest and most powerful country has achieved these standards of living for their citizens with their democracy: Economic inequality, inflation, stagnant real wages for the last forty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence.
    With such exceptional outcomes, the US is promoting its version of democracy to the world.
    The basis of Western democracy is that people within a country are divided into parties with different ideologies, interests, and policies to compete against each other in a winner-take-all contest to determine who will govern the country for a period of time. Separation of powers among the legislative, executive, and judicial branches of government prevents the concentration of power in one entity. Groups and institutions spend more time and resources competing against each other, rather than making long-term plans to improve their country. One party's national development plans, infrastructure projects, and policies are undone and reversed by the next party. This wastes resources and impedes progress because long-term plans cannot be implemented.

  • @Koshy210
    @Koshy210 5 місяців тому +2

    Somebodys invited to justify autocracy in india?