Tag: democracy

Countries with a higher Democracy index rating have higher GDP

Democracy Gonna Make You Rich, Bitch!

Mike P. Sinn, September 15, 2020March 29, 2022

A country that switches from non-democracy to democracy achieves about 20% higher GDP per capita over the next 30 years.

Democracy

Graph Showing Percentage of Millionaires in Congress Compared to the General Public

Unrepresentative Democracy – Government by the Millionaires and for the Millionaires

Mike P. Sinn, October 21, 2011August 23, 2023

In a truly representative democracy, the more public support there is for a policy, the more likely it would be to become law. However, public support has almost no influence on what laws are passed. Whether there is 0% or 100% support for a policy, there’s a 30% likelihood that it will become law….