Conspiracy theory is the lazy way to explain political puzzles. And it lets the villains off the hook. That’s the case with the failure of politicians to reform the public’s finances. The explanation is simple: politicians won’t make the changes that would make everyone better off because they are cowards. How else can we explain what happened when an eminent economist wrote three reports for the British government? Two of them were published with official fanfare. His report on taxation was buried.
A democratic mandate is needed to empower governments to challenge vested interests and muster the courage to restructure the financial system. Do you agree with our 10 theses? Add your vote to the Cheating Index.