25 November 2011
How to control the influence of money in politics
Reports that property developers have been major donors to the Conservative Party in the UK highlight the role that money plays in politics. Some rich individuals blatantly spend their wealth on getting elected to public office (Schwarzenegger, Bloom berg, Corzine in the USA come to mind) while at the other end of the spectrum the hapless citizen-taxpayer is powerless to stop the gravy-train of public subsidy to the establishment parties in countries like Germany and Austria. Dirdem would at least give the voter a say in the regulation of party finances. In addition the requirement (or mere threat) to hold a referendum on any issue will make the outcome of any political decision subject to the approval of the electorate thus providing a safety-valve against behind-the-scenes manoeuvring.
Labels: Party Funding