Politics and Money: Comments from the SANEM Annual Economists Conference

Politics and Money: Comments from the SANEM Annual Economists Conference

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Professor Raunak Jahan gave the introductory speech. He said it also raises questions about whether politics is going to become a dominant party state system or a one-person system of governance, or whether any political party truly exists, or whether people from different professions can become political. Giving priority to dynasties. The ideology of all political parties is clearly becoming weak.

Regarding the victory of a large number of independent MLAs in the January 7 general elections, Raunak Jahan said that due to internal strife, the ruling party did not have control inside the party, which is why independent candidates were allowed to contest the elections with a single mindedness. Went. That 'it's better to let them go.'

Dhaka University teacher and economist MM Akash said the competition between the two political parties has ended since 2014 and the Awami League was successful on geopolitical issues and built the Padma Bridge with China's help. America cannot do anything even if it wants to.

Bureaucrats have become more powerful than politicians and elections cannot be won without bureaucrats, he said, while business tycoons determine who will be the governor of Bangladesh Bank.

Policy Research Institute (PRI) researcher Ashikur Rahman said, “Why could we not sustain democracy even after four good elections between 1991 and 2008? This happened because of the 'winner takes all' policy. The Awami League won 62 constituencies in 2001 by securing 40 per cent of the votes, while the BNP won only 32 seats in 2008 by securing 30 per cent of the votes.

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