Mindful
Diamond Member
- Banned
- #21
The term ‘representative democracy’ does not capture the nature of the system of governance that has evolved across most of Europe over the past century. A more accurate term would be ‘constrained democracy’. This term captures well how the public and sometimes even parliamentarians are kept at a distance from decision-making.
Of course, as the Brexit vote showed, a large section of the British public has come to recognise that the EU acts as an important constraint on democracy. But the story of constrained democracy is more complicated and long-running than many realise. For example, the way in which ‘independent’ central banks curb democratic accountability is rarely examined. They are seen as part of an economic story rather than a political one. Yet their ‘independence’ means precisely that powerful economic institutions are shielded from democratic control. This applies at a national level (think of the Bank of England), and even more so at a supra-national level, with the European Central Bank (ECB).
The strangling of European democracy
Of course, as the Brexit vote showed, a large section of the British public has come to recognise that the EU acts as an important constraint on democracy. But the story of constrained democracy is more complicated and long-running than many realise. For example, the way in which ‘independent’ central banks curb democratic accountability is rarely examined. They are seen as part of an economic story rather than a political one. Yet their ‘independence’ means precisely that powerful economic institutions are shielded from democratic control. This applies at a national level (think of the Bank of England), and even more so at a supra-national level, with the European Central Bank (ECB).
The strangling of European democracy