There is no denying that advanced democracies largely failed to preempt the financial and sovereign-debt crises, while most emerging economies pursued better economic policies. How can modern Western democracies impose strict fiscal discipline?
不可否认，发达民主国家大体上在此次金融和主权债务危机上失去了主动权，而大部分新兴经济体采取了更好的经济政策。现代西方民主如何才能实施严格的财政纪律？央行的独立性给了非选举官员印钞的权力吗？如何引入审计制度？非代表性的既得利益如何抑制？