
AFTER the collapse of communism and the holding of mostly free and fair elections in nearly all the Eastern Bloc countries, US policy makers made an historic mistake. They thought events were confirming their belief that there was a natural progression in political development that led to liberal democracy as the highest and best form of government, and that once achieved there would be no going back. This was because people would see democracy’s obvious advantages. Continue reading “The fragility of democracy”
THIS week’s revelations that individuals and corporations linked to the Chinese Government have made large donations to the two major Australian political parties might make you think that the Foreign Investment Review Board had its finger on the pulse when it recommended that the Treasurer block the bid by two Chinese companies to buy more than 50 per cent of the NSW electricity company Ausgrid.
DEMOCRACY and market capitalism hand in hand achieve much. But equally market capitalism can get out of hand. Money can influence votes and voters and the politicians they elect. We were reminded of this last Thursday when the Australian Electoral Commission announced the breakdown of $62.8 million in public funding to political parties, up from $58.1 million after the 2013 election.