nakedempire


The American Empire in a Changing World



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Friday, February 10, 2012

''Direct democracy as a safeguard to limit public spending''


"As debt crises hit on both sides of the Atlantic, a safe haven for many investors has been Switzerland. This column looks at Swiss public spending over the last century and argues that one reason for its low debt may be its greater use of direct democracy, where people vote on individual policies, as opposed to representative democracy, where people elect others to make decisions on their behalf."

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