This seems like a problem with representative democracy: creating long-term problems for short-term increase in popularity. I wonder how much this problem exists in Switzerland.
Making an important institution independent forever, that also has a potential to create problems. What if they start doing something obviously wrong (e.g. just shamelessly transparently stealing money), and no one will be able to stop them? I suppose there would still be an option to write a new law that takes away their independence… but then again, why don’t current political parties do the “take away the independence of central bank + do something populistic” combo now?
Seems to me that a good balance was reached somehow, and I am completely confused about how was such thing even possible. (Could we replicate the same strategy in other aspects of governance?)
This seems like a problem with representative democracy: creating long-term problems for short-term increase in popularity. I wonder how much this problem exists in Switzerland.
Making an important institution independent forever, that also has a potential to create problems. What if they start doing something obviously wrong (e.g. just shamelessly transparently stealing money), and no one will be able to stop them? I suppose there would still be an option to write a new law that takes away their independence… but then again, why don’t current political parties do the “take away the independence of central bank + do something populistic” combo now?
Seems to me that a good balance was reached somehow, and I am completely confused about how was such thing even possible. (Could we replicate the same strategy in other aspects of governance?)