Voting is the mechanism for the expression of preference by society, especially on the platform of democracy. Voting acts as a vehicle for the transportation of public choice. It helps in finding a reasonable direction towards what people really are in need of; moreover, voting can be regarded as the core component in the sphere of democracy.

The relationship between democracy and voting is as a relation between boat and yaw, because voting acts as an engine for the smooth running of democracy or a political system.  In more simple words, voting bridges the gap that exists between government policy and public choice.

As in the case of the recent Greek election, the public decided to stay in the Euro-zone by voting for pro-bailout New Democracy Party, who won by 27.6 percent. The Syriza Party (the Anti-Austerity party) was able to secure a second rank in the elections. The New Democracy party reported a victory with a very narrow margin; moreover, it was like a wild goose chase for political supremacy between parties.

Now, after winning the election, the new government is ultimately trying to renegotiate the terms for the bailout while being a part of the Euro Zone. Public decision expressed through voting clearly demonstrates that the margin was thin for and against the bailout, so it seems plausible to say that Greek economic problems might require a longer time to settle.

But it can surely be said that voting, or for that matter elections, have helped bring more clarity over the possible future of Greek through foggy conditions, which were prevailing prior to the election.

In this case, the problem Greece is facing today should be viewed from two different angles. First, fiscal problem is domestic; second, Greece is in need of foreign assistance to withstand that fiscal tornado. There is a call for a balance between self-resistance and help.

Voting acted as a cushion enhancing the resistance level. Economic peace and prosperity looks somewhat distanced.

When voting is carried on in the corridors of confusion and uncertainty, the outcome will always be gloomy. In the end, it looks somewhat bleak to say that the choice made by Greek people can reactivate an obsolete economy and fade away fiscal blemishes. People have chosen to stay in the Euro zone, a strong sign indicating harsher austerity measures in future.

Bailouts to nations just acts like a ventilator to a patient on death bed. Possibilities on recuperating with a ventilator will always be low, because ventilation can’t act as medicine or a cure.

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About the author

Muhammed Faraaz
Post-graduate in Economics from India, unfolding complexities and policies. Proponent of Classical Economics.

3 Comments for Mechanics Of Voting

akram

strongly agree ,,,, amazing

Reply

Raheem

Cool nice article what will be future of this economy ?
I hope we fined new way farword

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Asif Iqbal

I like it!

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