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When politicians and executives get caught out

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Wamboin

Two thoughts.

(a) It should further be added that referendums are, on this basis, the worst of all: there is no accountability. They should be abandoned.
(b) The comparison is important, and explains one reason for preferring provision by companies (especially publicly quoted ones where there is a market for corporate control) rather than politically. Obviously there are flaws to private provision; but they can be addressed by way of improved legislation, while it is much more difficult to see how politics can be reformed significantly in relation to these problems.

CaptainRon

Politicians hide from their votes all the time. That' because most don't do their homework about what is really going on. Its a different skill set to run a country than it is for a business.

guest-aainmwae

I imagine that in future, politicians would be as answerable to citizens as closely as executives are to shareholders now.
Why not? Big corporations have budget and complexity comparable to a mid-sized country. Many people have experience with corporate responsibility and can't help but compare its advantages to their state. Politicians, unlike executives, are often appointed by good looks, not merit. No detailed explanation how the election program was followed. Responsibility not quarterly, but once every four or five years? No real way to dismiss a bad president earlier, like a bad CEO would be? Somebody knowing basics of corporate world would see modern countries as so badly managed that no company would get away with it.
We should pray that the normal standard of transparency and responsibility of a modern stock market company, even if imperfect, should be implemented to a modern state. No wonder modern countries go from crisis to crisis! The only thing which protects politicians is that a country, unlike a company, cannot go bankrupt and cannot lose its ground to another. Although that happens sometimes, see annexation of Tibet or Crimea.

mullah_assassin

Lying is what gets them voted in.

The entire premise of democracy is to make the plebs feel like they are in charge, when they are not, so that they become culprits to their own demise, as the ruling classes inflate their purchasing power and reduce their freedoms away, for their own good, or so they are told.

Governments run the biggest extortion rackets in the world, they are the biggest terrorist sponsors, the biggest perpetrators of fraud, and the biggest perpetrators of mass atrocities.

Governments are a waste of space and need to be cut down to size. Mega corporations also need to be cut down to size, because they are colluding with governments to screw over the 99% and positioning themselves deliberately to be "too big to fail". Its a survival mechanism of a parasite. Cut them down to size so they cannot be milked by criminals and fraudsters on the backs of everybody else.

Andruze

If there is no penalty for failure (other than a well compensated resignation) then where is the motivation to succeed? Maybe start with removal of the compensation.