Democracy Redefined (and the Macro-economy Reconstituted).....Ready for it?
Democracy Redefined (and the Macro-economy Reconstituted).....Ready for it? Ganga Prasad Rao Energy-, Environmental- and Mineral Economist gprasadrao@hotmail.com Introduction It has been said before, but that should not stop one from repeating it. The lay person gets used to anything - the malaise in the social system, the polluted commons and the continuing assaults upon it, and indeed, the endemic corruption that has subverted the people-elected democracy. Add to this an obsolete and improperly-designed electoral system, the corrupt politicians ‘elected’ by which sell the nation with its nominal economy to PV-capitalists abroad, and what you have is an unsustainable society mired in slush, unmindful of the quicksands that lie ahead. In short, a society whose ‘democracy rainbow’ has been short-changed to a (less than) zero-sum against its own future. Our majoritarian democratic system, as it exists, provides but one channel - the once in a five y...