Tuesday, September 14, 2010

The Democratic System and Policy Errors

The U.S, the Eurozone, Japan, China, Korea, and other countries across the globe are in a mess. For some, sovereign default looms.

Again, policy matters.

If neither political party corrects policy errors, it wouldn’t seem to make any difference which party holds the levers of political power.

This seems to hold true for the U.S., Japan and Korea.

If the people continue to vote for whomever delays or promises to stop the pain without making genuine efforts to revamp the broken system, how we are going to see the real recovery?

If educating the masses is what it really takes to make any meaningful change, how we are going to do that?

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