Further to my post earlier on this topic, some further conclusions I have made:
1. Democracy is not such a bad thing when it comes to not letting things get worse.
Our professor in finance was giving us an example of the wonderfulness (pardon the word) of democracy. He said if there is famine anywhere in the country today, the incumbent party and the opposition party will fight tooth and nail to ensure that that show concern and sympathy for the victims. This will highlight the issue and make sure that the victims are taken care of. And therefore hurray for democracy.
No.
The flaw with this story is that the famine shouldn't have taken place at all. There should have been enough systems in place to ensure that such a situation doesn't arise at all. In fact the politicians probably let the situation worsen so that they could get some photo ops.
Ok, lets assume for time-being that they are "kind hearted". Be sure I am saying that they are kind-hearted only and no other noble attributes.
The above situation is a case where democracy made sure that things didn't get worse off than they already were. But will democracy help to forsee such situations and make sure they never occur?
Vivek and I were having an intense discussion about a similar issue and were astonished at how just single persons who had the vision and the grit to see that vision implemented were the ones who influenced the course of a country, an organization and that of a people. Beware that this "vision" need not be the right one and something which will bring prosperity upon people who have to live through its consequence. A case in example is of course Nehru and to the contrary are the people who founded modern America. Nehru had a vision, a deeply flawed one, of a social country which would survive just on its goodiness. He went about implementing it with zeal and look where we are now because of him. Because of one single person.
The founders of USA too had a vision. Fortunately the right one. A country based on basic fundamentals and rights. And look where they are now.
So ultimately democracy or no democracy, the long-term and even the short term fate of a country/organization/people are determined solely by strong individuals who stand up and dare to say what they believe in, be it wrong or right.
Therefore democracy or a democratic institution can in no way effect the right vision being envisioned by its elected representatives. Nor compulsorily induce actions by its elected representatives which will lead to long term progress and betterment of a people.
So finally it is our luck as a collective people which determines whether the people we have elected will act in the best interest of the nation as a whole, its people current and future.
Funny isn't it. It all comes down to luck. Best of luck then to all of us.
Quotes:
A article in the Aug 2nd issue of The Economist title "Turning Sour" somewhat confirms my thinking.
"But India also benefits from what financial types might call the "democracy put"' its politics forestalls the worst outcomes, even if they squander the best. India's policy makers only seem to be able to reform under duress."
"..as recent events show, the India story often resembles a comedy as much as an epic. Its policymakers run around in circles, swapping partners and scandalising onlookers, but with luck pull it all together in the end." A Note: I unfortunately post the above based on plain armchair thinking and my current base of knowledge. I have not done any research and therefore there can be a lot of nitty gritties which I might miss out on. But I stand by the core idea and thought which I espouse here unless and otherwise proven reliably wrong.