Fragility of minority Government has shortened the political time-horizon
Colm McCarthyPolitical decision-making in democracies has a bias towards the short term: decision-makers are temporary hires and will not be around to reap what they sow. Electorates seem almost to prefer their political leaders employed on short contracts. In good times this may not matter too much: politics reduces to the distribution of any available gains from economic growth. But when difficult strategic decisions are required they are routinely dodged and the inevitability of hard choices denied.