posted on Feb, 23 2013 @ 11:48 PM
Came across this earlier today, the article is about a financial analyst's view of the effect of the Italian election on the Eurozone. However I
noticed this silpped in, what you might not realize he is saying is that democracy is old fashioned (Byzantine he says).
Q: So now the elections are under way, what are investors afraid of?
A: Italy's Byzantine election laws could mean many different outcomes. The worst result would be no party or coalition being able to form a
government, leading to new elections.
Researcher Vincenzo Scarpetta at the Open Europe think tank says the probability of this is "very low" but that re-run elections could mean
"potentially, huge market pressure, which Italy can hardly afford." This pressure would come in the form of rising interest rates on government
Another possibility could be a parliament so divided that it can't govern effectively, or a shaky coalition of parties with clashing agendas —
meaning that any policies would be the result of endless compromise and back-room deals. A badly split parliament "would surely affect investors'
confidence as Italy's political future would remain unclear," said Aul and Ashley.
So he is saying that a system that allows mulitple parties and people to vote for whoever they want is old-fashioned because then these elected
representatives have to then engage in politics to get anything done. I know it is an inconsequential interview but the fact that it was just slipped
in unnoticed is alarming. Is this a common view out there?
edit on 23/2/13 by Cinrad because: (no reason