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The Seen and the Unseen - hosted by Amit Varma cover image

Ep 334: Jayaprakash Narayan Wants to Mend Our Democracy

The Seen and the Unseen - hosted by Amit Varma

NOTE

The Burden of Government Decisions on Future Generations

Governments have the right to make choices based on voter preferences, but they should not burden future generations with irreversible decisions./nLong-term liabilities without asset creation should not be unilaterally imposed by any government./nIf a switch to a different system is desired, it should be accompanied by immediate funding on a discounted cash flow basis, ensuring transparency in the budget and accountability to the people./nDecisions that allocate a significant amount of money should be transparent and clearly communicated to the public, so they understand the trade-offs involved./nFunding for future services, such as pensions, should also be provided in the budget to ensure the financial security of ordinary people./nIntricacies of policy decisions are not well understood by the majority of people, so transparency and clear communication are essential for effective governance.

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