Democracy and Crony Capitalism

The story about the crackdown on the Occupy Wall Street is interesting. Of what I had read these demands were made first by Michael Moore.

The story seems a bit exaggerated, but then it can also be the truth. But there is an interesting point to study in terms of democracy. 'Does democracy exist or is it crony capitalism all the way?'

There would be about 3 steps to see it.  

Step one: Choose 10 countries which have functioning democracy for last 2-3 decades. (This will remove rogue states)

Step two: Establish which of the countries have placed maximum information online regarding level of transparency.

Make a grid column and check how each country fares

(1) On bio and financial info of its elected leaders available to the public

(2) Access to voting patterns of each representative at the democratic forum (Senate, Parliament etc.)

(3) Publicly if it’s possible to establish if the close relatives such as spouse, child, father, mother are related to which companies/conglomerates. Listed companies in India/US have to declare who all are on the board of the company and also about individuals/companies that hold more than 1 per cent of the company. 

Step three: The five countries with highest score on democratic transparency can be studied.

(1) Mark what questions were raised by a peoples representative?
(2) Was the question positive or negative for the company/sector/ business
(3) Establishing if the individual has financial interest to the company/sector/business
(4) Also, how a representative vote on laws affecting sectors of an economy against the individual's financial interest in that sector or on a specific company.

P.S.

1. A friend of mine had done a story in 2008 for Economic Times where he sifted through the question hours of Lok Sabha and came out as which national/regional party had questioned for which company/conglomerate. I don't remember if the questions were marked as positive and negative to check the biasness or not.

2. It seems like a lot of work and there will still be scope for error. (Perhaps using the capabilities of the software written in this article -- Palantir -- should make the work relatively possible.)

3. If you have ideas to improve the way in which one should do the story then feel free to share the ideas or if you come across a similar story do share that as well or if you plan to take up the study then feel free to ask for any assistance 




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