Thought for the Week: Democracy’s struggle with the long-term

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Gavin Oldham

Thought for the Week: Democracy’s struggle with the long-term

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Democracy’s struggle with the long-term
Democracy is a great blessing, but it has a major Achilles Heel — it is not good at coping with all the long-term issues which are growing in number and importance. Trying to address long- and short-term issues together without specific definition will always handicap the former. That's why Princess Anne focused correctly on this challenge in her interview with the Canadian Broadcasting Corporation — but monarchy can do little more than draw attention to the problem, which needs constitutional and political resolution. We propose a way forward out of this dilemma, suggesting how the United Kingdom can set a course for the democracies of the world to follow. Background music: 'Saving the World' by Aaron Kenny Image source: BBC Research, based on National Archives Federal Reserve Economic Data

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Topics: Macro-Economics, Wealth Distribution (in Economics); World (in Politics)

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