
How Limitations Benefit Private Commerce
Regulations help people to reach mutually beneficial agreements. Thus, governments can hold everyone to their word by not allowing anyone to cheat, making commercial contracts much more trustworthy. […]
Regulations help people to reach mutually beneficial agreements. Thus, governments can hold everyone to their word by not allowing anyone to cheat, making commercial contracts much more trustworthy. […]
The United States is deeply divided along political lines. Partisan politics, attack ads, and even the election process itself are weaponized in the 21st century. A new series looks at the benefits and drawbacks of political parties. […]
Long-time observations have shown democracies are generally wealthier and even more powerful than dictatorships. This is partly due to the accountability of democratic governments. […]
In presidential politics, the worst conflicts come about not when parties of a legislature fight with each other, but rather when the legislature as a whole finds itself at odds with a powerful president. […]
In both presidential or parliamentary forms of government, the chief executive’s main task is selection of their cabinet. However, there are times when the prime minister’s party doesn’t have a majority of seats in parliament. […]
There is a constant debate about whether a democratic society is better off with a presidential or a parliamentary form of government. Direct versus indirect election of the chief executive is the core difference between them. […]
Democracy is a self-destructive and self-contradicting concept, threatened by a constant fear of mob rule. When the majority wields the power, the interests of the minority is put at stake, going against the notion of democracy. […]
Representative democracy suffers from its own share of disadvantages. While people invest the elected representative with power, the latter is perpetually torn between national and local interests, among other things. […]
Democratic states often face the disadvantage of having ignorant voters. People with no knowledge of politics and state affairs step forward to elect their representative. However, democracy also empowers these voters with indirect information to help them take their decisions wisely. […]
It’s important that the leaders of a democracy have the best or at least the most popular ideas. That’s why being able to compete within the system has to be open to as many people as possible. […]
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