Funding Democratization
Funding Democratization

Author: Milton Konvitz

Publisher: Routledge

Published: 2017-07-12

Total Pages: 264

ISBN-13: 1351518283

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Democracy is a fine political system, but an expensive economic venture. Political parties and election campaigns cost money. Where does the money come from and at what sacrifice? Issues connected with political finance are significant but often neglected aspects of the process of democratization. Funding Democratization examines how money and politics interact in emerging democracies. The contributors investigate the funding of political parties in early North America, financial uncertainties of party formation in European countries, funding of democratization in new democracies, and the influence of funding on contenders for power. They also address the nature of political competition in countries that are seeking to embrace, often for the first time, the rules of democracy. They question in what ways politicians can help make democracy affordable. The volume compares important democratizing countries, such as Russia, Brazil, South Africa, Spain, and the regions of East Asia and East/Central Europe. It also investigates the lessons that emerging democracies can learn from the history of political finance in today's more established democracies. Funding Democratization will be of interest to political scientists and specialists in international social and political development.

Democratizing Finance
Democratizing Finance

Author: Marion Laboure

Publisher: Harvard University Press

Published: 2022-01-01

Total Pages: 289

ISBN-13: 0674987225

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We are only in the early stages of a broader revolution that will impact every aspect of the global economy, including commerce and government services. Coming financial technology innovations could improve the quality of life for all people. Over the past few decades, digital technology has transformed finance. Financial technology (fintech) has enabled more people with fewer resources, in more places around the world, to take advantage of banking, insurance, credit, investment, and other financial services. Marion Laboure and Nicolas Deffrennes argue that these changes are only the tip of the iceberg. A much broader revolution is under way that, if steered correctly, will lead to huge and beneficial social change. The authors describe the genesis of recent financial innovations and how they have helped consumers in rich and poor countries alike by reducing costs, increasing accessibility, and improving convenience and efficiency. They connect the dots between early innovations in financial services and the wider revolution unfolding today. Changes may disrupt traditional financial services, especially banking, but they may also help us address major social challenges: opening new career paths for millennials, transforming government services, and expanding the gig economy in developed markets. Fintech could lead to economic infrastructure developments in rural areas and could facilitate emerging social security and healthcare systems in developing countries. The authors make this case with a rich combination of economic theory and case studies, including microanalyses of the effects of fintech innovations on individuals, as well as macroeconomic perspectives on fintech's impact on societies. While celebrating fintech's achievements to date, Laboure and Deffrennes also make recommendations for overcoming the obstacles that remain. The stakes--improved quality of life for all people--could not be higher.

Funding Democratization
Funding Democratization

Author: Peter J. Burnell

Publisher: Manchester University Press

Published: 1998

Total Pages: 270

ISBN-13: 9780719050336

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Comprises 11 contributions exploring issues in the political finances of emerging democracies. The contributors look at funding issues in Brazil, Russia, South Africa, Spain, and the regions of east Asia and east-central Europe. Several contributors also explore what can be learned from the history of political finance in the established democracies of western Europe and North America. Of interest to students of political parties, electoral politics and democratization studies, as well as researchers and specialist observers of the countries and systems covered. Distributed by St. Martin's Press. Annotation copyrighted by Book News, Inc., Portland, OR

Paying for Democracy
Paying for Democracy

Author: Kevin Casas-Zamora

Publisher: ECPR Press

Published: 2005

Total Pages: 310

ISBN-13: 0954796632

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This text covers political finance systems and direct state funding in Costa Rica and Uraguay as well as state funding and campaign finance practices in those countries.

Funding Democratization
Funding Democratization

Author: Allan Ware

Publisher:

Published: 1998

Total Pages:

ISBN-13: 9780203791103

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"Democracy is a fine political system, but an expensive economic venture. Political parties and election campaigns cost money. Where does the money come from and at what sacrifice? Issues connected with political finance are significant but often neglected aspects of the process of democratization. Funding Democratization examines how money and politics interact in emerging democracies. The contributors investigate the funding of political parties in early North America, financial uncertainties of party formation in European countries, funding of democratization in new democracies, and the influence of funding on contenders for power. They also address the nature of political competition in countries that are seeking to embrace, often for the first time, the rules of democracy. They question in what ways politicians can help make democracy affordable. The volume compares important democratizing countries, such as Russia, Brazil, South Africa, Spain, and the regions of East Asia and East/Central Europe. It also investigates the lessons that emerging democracies can learn from the history of political finance in today's more established democracies. Funding Democratization will be of interest to political scientists and specialists in international social and political development."--Provided by publisher.

Subsidizing Democracy
Subsidizing Democracy

Author: Michael G. Miller

Publisher: Cornell University Press

Published: 2013-12-15

Total Pages: 216

ISBN-13: 0801469511

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In the wake of Citizens United v. Federal Election Commission (2010), the case that allowed corporate and union spending in elections, many Americans despaired over the corrosive influence that private and often anonymous money can have on political platforms, campaigns, and outcomes at the federal and state level. In McComish v. Bennett (2011), the Supreme Court declared unconstitutional the matching funds feature of so-called "Clean Elections" public financing laws, but there has been no strong challenge to the constitutionality of public funding as such. In Subsidizing Democracy, Michael G. Miller considers the impact of state-level public election financing on political campaigns through the eyes of candidates. Miller’s insights are drawn from survey data obtained from more than 1,000 candidates, elite interview testimony, and twenty years of election data. This book is therefore not only an effort to judge the effects of existing public election funding but also a study of elite behavior, campaign effects, and the structural factors that influence campaigns and voters. The presence of publicly funded candidates in elections, Miller reports, results in broad changes to the electoral system, including more interaction between candidates and the voting public and significantly higher voter participation. He presents evidence that by providing neophytes with resources that would have been unobtainable otherwise, subsidies effectively manufacture quality challengers. Miller describes how matching-funds provisions of Clean Elections laws were pervasively manipulated by candidates and parties and were ultimately struck down by the Supreme Court. A revealing book that will change the way we think about campaign funding, Subsidizing Democracy concludes with an evaluation of existing proposals for future election policy in light of Miller’s findings.

OECD Public Governance Reviews Financing Democracy Funding of Political Parties and Election Campaigns and the Risk of Policy Capture
OECD Public Governance Reviews Financing Democracy Funding of Political Parties and Election Campaigns and the Risk of Policy Capture

Author: OECD

Publisher: OECD Publishing

Published: 2016-02-04

Total Pages: 211

ISBN-13: 9264249451

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The recent debate on the role of money in politics has shed the light on the challenges of political finance regulations. What are the risks associated with the funding of political parties and election campaigns? Why are existing regulatory models still insufficient to tackle those risks?

Crowdfunding and the Democratization of Finance
Crowdfunding and the Democratization of Finance

Author: Davis, Mark

Publisher: Policy Press

Published: 2021-11

Total Pages: 182

ISBN-13: 1529216737

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Do you know where your money is? More importantly, do you know what your money is doing? Most of us feel confident that we know what money is. But few of us feel confident in taking responsibility for what our money does. We hand over the power of money to banks and mainstream finance with real, often damaging, consequences for people and planet. A unique collaboration between an academic and a practitioner, this book tells the story of money, from ancient Athens to the Bitcoin revolution, to explain how crowdfunding is the way for people to reclaim the power of their money in pursuit of a fairer and greener society.

Democracy Declined
Democracy Declined

Author: Mallory E. SoRelle

Publisher: University of Chicago Press

Published: 2020-12-14

Total Pages: 302

ISBN-13: 022671182X

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As Elizabeth Warren memorably wrote, “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street.” More than a century after the government embraced credit to fuel the American economy, consumer financial protections in the increasingly complex financial system still place the onus on individuals to sift through fine print for assurance that they are not vulnerable to predatory lending and other pitfalls of consumer financing and growing debt. In Democracy Declined, Mallory E. SoRelle argues that the failure of federal policy makers to curb risky practices can be explained by the evolution of consumer finance policies aimed at encouraging easy credit in part by foregoing more stringent regulation. Furthermore, SoRelle explains how angry borrowers’ experiences with these policies teach them to focus their attention primarily on banks and lenders instead of demanding that lawmakers address predatory behavior. As a result, advocacy groups have been mostly unsuccessful in mobilizing borrowers in support of stronger consumer financial protections. The absence of safeguards on consumer financing is particularly dangerous because the consequences extend well beyond harm to individuals—they threaten the stability of entire economies. SoRelle identifies pathways to mitigate these potentially disastrous consequences through greater public participation.

Costs of Democracy
Costs of Democracy

Author: Devesh Kapur

Publisher: Oxford University Press

Published: 2018-06-13

Total Pages: 383

ISBN-13: 019909313X

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One of the most troubling critiques of contemporary democracy is the inability of representative governments to regulate the deluge of money in politics. If it is impossible to conceive of democracies without elections, it is equally impractical to imagine elections without money. Costs of Democracy is an exhaustive, ground-breaking study of money in Indian politics that opens readers’ eyes to the opaque and enigmatic ways in which money flows through the political veins of the world’s largest democracy. Through original, in-depth investigation—drawing from extensive fieldwork on political campaigns, pioneering surveys, and innovative data analysis—the contributors in this volume uncover the institutional and regulatory contexts governing the torrent of money in politics; the sources of political finance; the reasons for such large spending; and how money flows, influences, and interacts with different tiers of government. The book raises uncomfortable questions about whether the flood of money risks washing away electoral democracy itself.