Linked by Thom Holwerda on Mon 20th Feb 2012 11:22 UTC
Hardware, Embedded Systems No matter where you look these days, there's a profound sense here in the west that the people no longer having any tangible control over what our governments do. Sure, we are allowed to vote every once in a while, but effectively, most of our countries are governed by backroom deals and corporate interests. If matters really do get out of hand, how do we fight this? Well, with technology of course!
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RE: Speak for yourself!!!
by ndrw on Mon 20th Feb 2012 13:59 UTC in reply to "Speak for yourself!!!"
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Democracy only works when voters see both the outcome and the cost of government actions. Do you want more welfare? No problem, and BTW here is your bill (taxes). This automatically prevents the government from spending too much and thus from growing too big. This is good, because once government gets too much power it always starts using it for its own benefits and against the voters. Selling its power to large corporations is only one of the symptoms. At some point it becomes big and powerful enough that it can override voters' decisions, either by media or by force.

What we are now suffering from, I think, is the lack of accountability. Governments all over the "western" world are trying to overspend each other going heavily into debt. Debt is such a fantastic tool because voters don't care about it, at least not immediately. The government can spend more, charge less and grow, grow, grow...

That of course wouldn't be possible if developing countries didn't provide us with cheap goods (read: take our inflation away) and at the same time lend us back the money they have just earned. This not only fuels the growth of our governments but it also keeps currency exchange rates unbalanced (if our USD/EUR were going in only one direction - out - that would quickly increase value of the exporters' currencies).

However, I wouldn't blame Saudi Arabia, China or any other country for our tendency of spending more than we have. Ultimately, it was our (government's) choice to borrow and print these money. No one could come to us and force use to borrow money unless we agreed to it.

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