Democracy: At What Cost?
3 Pages Posted: 5 Apr 2016
Date Written: April 20, 2015
It is believed that ‘democracy’ is an achievement (and also the strength) of (global) civilized society, apparently for socio-economic equity and parity. We have, through enormous collective effort, moved willfully from earlier/older forms of governance (like: monarchy/anarchy/dictatorship... etc.) to ‘democracy’. This is a form of self-government ‘of the people, by the people and for the people’.
We have different scales (and methodologies) of measurements of ‘democracies’ of the world, today. By size of population, India and USA have the biggest ‘democracies’. But real ‘good’ democracies are reportedly: 1.Norway, 2.Sweden, 3.Finland, 4.Finland, and 5.Denmark.
In this working paper, We here shall focus on the staggering amount of money, being spent both, by the people and the Governments of those democracies. We invite debate and academic discussion on various issues relating to poll expenses and the black-money involved in it. May be, we shall try to figure out, if there is a ‘demon’ coming out of the ‘democracy’?
Keywords: Democracy, Black-money, election-cost
JEL Classification: C81, P16, P26, R50, H50
Suggested Citation: Suggested Citation