Campaign: remove covert corporate influence from political life – 3: a reference to the Swiss example

How can the representatives of the people be restrained from seeking to be influential? Addressing this question in the FT, Costa Vayenas* presents the admirable Swiss precedent:
  • The country has no prime minister.
  • There are no full-time members of parliament.
  • The budget has to be balanced over the cycle.
  • Taxes cannot be raised without the people’s direct consent (the ballot papers, accompanied by return envelopes, are posted to the voter’s home)..
He comments:

“Consequently, there is not much left for politicians to be influential about. Such an approach works here, but I do not see it being copied elsewhere.”

*Costa Vayenas, Brugg, Switzerland, probably the head of Emerging Markets research at UBS Wealth Management.

Posted on November 1, 2012, in Government and tagged , , . Bookmark the permalink. Leave a comment.

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