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LATEST NEWS UPDATES | Power to the rich: India needs to talk about money in politics -Devesh Kapur and Milan Vaishnav

Power to the rich: India needs to talk about money in politics -Devesh Kapur and Milan Vaishnav

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published Published on Jul 24, 2018   modified Modified on Jul 24, 2018
-Hindustan Times

The issue of money in politics is a matter of pressing concern across the democratic world. Recent headlines, for instance, reveal that scandals linked with political finance irregularities dot the globe.

In France, former president Nicolas Sarkozy is being investigated on allegations that his 2007 campaign received millions of dollars from late Libyan dictator Muammar Gaddafi.

In Brazil, former president Luiz Inácio Lula da Silva was sentenced to a dozen years in jail after a court convicted him of trading government favours in exchange for bribes from a construction interest. And in the United States, President Donald Trump faces charges that secret payments made on his behalf to an adult actress may have violated campaign finance disclosure laws.

India is no stranger to the dilemma of money in politics and the illegality, quid pro quos, and shady deals that often emerge as a result of the desperate hunt for campaign cash. Unfortunately, the nexus between money and politics in India—as in much of the developing world—has not been the subject of sustained scholarly attention. This is not because of a lack of interest, but rather a paucity of data.

Money often works differently—and to different ends—in developing democracies. In advanced democracies, which are by no means scandal-free, there exist well-established systems of monitoring and accounting for political finance and robust enforcement. These systems, while imperfect, are likely to deter the leveraging of illicit funds to a large extent. In many developing democracies, however, limited transparency, resource challenges, and weak enforcement often incentivise undocumented money. Hence, the widespread belief that true flows of money in politics significantly dwarf reported flows.

In a new volume, Costs of Democracy: Political Finance in India, we led a group of political scientists concerned with deepening our understanding of political finance in India.

The methods--surveys, candidate affidavit data, ethnographic fieldwork--are as diverse as the settings, ranging from urban Mumbai to rural Bihar.

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Hindustan Times, 23 July, 2018, https://www.hindustantimes.com/india-news/power-to-the-rich-india-needs-to-talk-about-money-in-politics/story-fIX0iZ32V7bzkMlZIP6xlK.html


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