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Benefits And Problems With Democracy

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The benefits and Problems with Democracy

In the famous words of Sir Winston Churchill, “No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to time.” As a staunch supporter of democracy, Churchill is admitting that although there may be a variety of flaws in a democratic government, it is still a far more suitable choice of governing as opposed to alternate forms of government. Widely accepted as the most popular and working form of government, democracy is, in a nutshell, a political system in which the power is given to the popular vote of the people. In fact, the very origins of the term democracy …show more content…

Foreign investors and international businesses would also be naturally reluctant to venture their businesses into a nation that has a potential undergo political turmoil. However, in most autocracies or extreme oligarchies, the exchange of power from one regime to another political party typically results in a large amount of bloodshed and violence. Furthermore, even if one regime manages to take control without any kind of violence and turmoil as most often the case, the new political party may or may not choose to take the country’s economic policies to a whole new direction. In a democratic country, however, change from one political party to another is fairly safe and secure with little political upheaval, since the new political party would be elected by the masses that political party’s economic policies should be reflection of a majority opinion of the country. Thus, democracy would be preventing any rash and unforeseen economic changes made by a new political party as well as maintaining the political and economic safety of the country. This in turn provides an incentive for local industries to look toward long-term economic growth, as well as providing the safety necessities for foreign industries to invest in the country’s growth. Continuing on the benefits of a democracy on the economy are the more obscure benefits such as

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