Excess of Democracy?

Do you think democracy should yield excessive power to the public as a whole to influence political decisions the public as a whole doesn’t even really understand?

I lay no claim to being a true expert on politics.. I am however an avid observer and I try to read into politics in a way that makes sense at least to me.

The fall out from the Global Financial Crisis reached all corners of the globe.. numerous political careers were made and others lost, sometimes within a matter hours. The careers of many bankers and upper level execs. would eventually follow. The complexities behind how the cards tumbled are beyond most, however what a lot of people seem to remember was how fast money and the lives behind the money can evaporate into thin air.

Fast forward to today.. the fallout from the US Housing Bubble bursting and following events has entrenched itself into nearly faucet of Western Society. The worlds eyes have been on the European Union for well over a year now as it struggles with austerity measures, entire nation bailouts and poor monetary policies.

How can such a large part of Western Society be under so much duress? How can numerous 1st world countries repeatedly post dismal unemployment numbers that are on par with many 3rd world countries?? The EU as a whole has a roughly 12% unemployment rate, while individual countries such as Spain and Greece hold rates near 27%.. that is 1 in 4 people without any source of employment income!

Policies of austerity measures have swept Europe rapidly in fact almost 80% of all internal EU bailout money involves policies of severe austerity..

Let me put this in real simple terms.. a country that is a recipient of bailout funds basically has a literal net worth of $0, without the funds said country would default on their debt obligations within a matter of weeks thereby completely wiping out said countries financial system, banks would evaporate into thin air along with every $ it holds – non negotiable regardless of what deposit insurance account holders would have.

Austerity measures are widespread cuts across the board to all and any form of government spending with the intent of trying to balance a countries books that are too far apart to be balanced anyways hence the need for other countries to “bail them out”.

Of course cuts like these have drastic consequences.. most European countries had social systems and social programs that make Canada’s look like a joke. This is fine for a country that has the GDP figures to support these sorts of programs, or tax policies that provide sustainable funding, unfortunately many EU countries didn’t (don’t).. Greece with its huge tourism and olive oil market that employed nearly 30% of its public sector workforce, the numbers just can’t and probably never did add up.

Portugal being the latest victim to the EU crisis, the entire government almost collapsed last week over support for bailout and austerity terms. Portugal is a prime example of the problems facing many other countries in the EU and many parts of Western Society.. politicians are unable to make the critical decisions they should be making at the exact time they should be making them out of fear of political fallout that the “democratic” system exposes them to every single day.

Society and large populations of people as a whole tend to hold very low intelligence and the sentiment and poplar beliefs of many people together as a whole tends to be irrational and based on animal like instincts instead of rational thought and logic. History has proven this time and time again.. you are a fool to say otherwise.

On the other hand, individuals and very small groups tend to be very smart, intelligent and much more capable of thinking logically and rationally as well as being able to get the “big picture”. Politicians and governments tend to resemble small groups of people to a certain extent and key figures in governments are actually just individuals. When a population elects people to power via the democratic system one would think that those elected individuals would have much say, freedom and ability to exercise their professional judgement, make decisions and set policies that are based on the exclusive information they have at hand to serve the greater good.

With that said, it is clear that when it comes to the current events in the EU, and even considering events here at home, politicians are time and time again forced to consciously make the WRONG or POOR decision due to the pressure of the political risks and potential fallout that the democratic system allows, any special interest group of people can theoretically put enough pressure on any government in our system to protect their own interests and force consequences on the rest of society.

As individuals, politicians many times they know exactly what needs to be done and when it needs to be done, they should be allowed to make these decisions by free will without the fear of “fearful, irrational and special interest democratic groups” ending their careers.

Do you think all of the politicians that contributed to the continued deregulation of the US Financial Industry that ultimately led to all the sub-prime mortgages and eventual US financial crash and Global Economic Crisis would of made the same decisions if they did not base their decisions on fear of political consequences and fallout?

I think there needs to be a re balance of democracy that involves a system with sufficient power yielded to politicians and decision makers combined with sensible and logical checks and balances to keep them in line.

Do you think democracy should yield excessive power to the public as a whole to influence political decisions the public as a whole doesn’t even really understand?


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