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)..
“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.