Aug 02, 2019 Guest(s): Dambisa Moyo
There is a serious mismatch between the long-term problems our society faces and the short-sightedness of our policy makers, according to New York Times best-selling author, Dambisa Moyo.
"These long-term economic challenges from demographics, to income inequality, to natural resource scarcity, and issues around debt...these are long-term economic issues that are deeply embedded in the economy, and yet we have myopic short-term short-termism embedded in the political process," Moyo told Kitco News on the sidelines of the Mines & Money New York conference.
Moyo noted that our political system has deviated from the "one man one vote mantra" we have associated with liberal democracy as voting participation rates amongst developed democracies are very low.
"I think the consequences of that are quite dire, because what you end up with is basically narrow voting parties, and I think that policy makers and politicians very naturally try to steer the political agenda towards the people who are voting and not towards the broad societal base," she said.