Why Democracy Is Failing To Deliver Economic Growth And How To Fix It

An in-depth look at the challenges facing democracies and how to overcome them

Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth-and How to Fix It

by Dambisa Moyo

4.2 out of 5

Language	:	English
File size	:	2344 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	294 pages

FREE

Democracy is a form of government in which all citizens have the right to participate in the decision-making process. It is often seen as the most just and fair way to govern a country, as it gives everyone a say in how their lives are run. However, in recent years, there has been a growing concern that democracy is failing to deliver economic growth.

This concern is not unfounded. In the United States, for example, economic growth has slowed significantly since the 1970s. And in Europe, the eurozone crisis has caused widespread economic stagnation. These trends have led many people to question whether democracy is still the best way to organize our societies.

There are a number of reasons why democracy may be failing to deliver economic growth. One reason is that democracy is a slow and cumbersome system. It can take months or even years to pass a new law, and even then, the law may be watered down or blocked by special interests. This makes it difficult for governments to respond quickly to economic challenges.

Another reason why democracy may be failing to deliver economic growth is that it is often too focused on short-term gains. Politicians are more concerned with winning the next election than with making long-term investments in the economy. This can lead to policies that are harmful to economic growth in the long run.

Finally, democracy is often seen as a threat to economic freedom. Many people believe that the government should not interfere in the economy, and that the free market should be allowed to operate without regulation. This view is often held by wealthy individuals and corporations, who benefit from the current economic system.

These are just some of the reasons why democracy may be failing to deliver economic growth. It is important to note that there is no single explanation for this problem. Rather, it is the result of a complex set of factors.

However, there are also a number of things that can be done to fix democracy and make it more effective at delivering economic growth. These include:

• Making the government more efficient and responsive. This can be done by reducing bureaucracy, streamlining the legislative process, and giving more power to local governments.

• Taking a longer-term view of economic policy. This means making decisions that are based on sound economic principles, even if they are not popular in the short term.

• Balancing economic freedom with the need for government regulation. This means creating a regulatory environment that is fair and transparent, but that also protects consumers and workers.

Fixing democracy will not be easy. It will require a concerted effort from all levels of government and from all sectors of society. But it is essential if we want to create a more prosperous and equitable future for all.

Democracy is facing a number of challenges today. But it remains the best way to organize our societies and to ensure that all citizens have a say in how they are governed. By fixing democracy, we can create a more prosperous and equitable future for all.

Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth-and How to Fix It

by Dambisa Moyo

4.2 out of 5

Language	:	English
File size	:	2344 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
X-Ray	:	Enabled
Word Wise	:	Enabled
Print length	:	294 pages

FREE