Posted by Eoin O’Malley (7th January, 2013)
One of the most common complaints about democracy is that it shortens our rulers’ time horizons to an extent that damages our interests. If you are a hereditary absolute monarch, presumably you take a very long view, as you care about the inheritance you leave your children and grandchildren. But if you’re an elected politician you tend to think in terms of the next election.
Political scientists tend to assume that all politicians care about is re-election, and while this might be an oversimplification, it is hardly a controversial assumption. Then politicians think in four or five year cycles. Internationally there is some evidence, though it’s hardly overwhelming, Continue reading