> Politicians spend the money to fund campaigns, but also on handing out favours, jobs and cash to constituents. “It’s sort of an unholy nexus,” as Raghuram Rajan put it to me during his tenure as head of India’s central bank. “Poor public services? Politician fills the gap; politician gets the resources from the businessman; politician gets re-elected by the electorate for whom he’s filling the gap.”
I know this will never be popular opinion, but as a citizen of a poor, developing country with widespread corruption, I sometimes have to wonder: is democracy really the best model for poor nations that don't have the foundations to foster it?
I know this will never be popular opinion, but as a citizen of a poor, developing country with widespread corruption, I sometimes have to wonder: is democracy really the best model for poor nations that don't have the foundations to foster it?