Jim Rogers Explains what is Direct Democracy

Jim Rogers : Well, when I wrote my first book Investment Biker back in the early 1990s, among several suggestions, one was that instead of sending congressmen and senators to Washington, we let them stay at home and vote from home. Instead of spending their days and nights interacting with lobbyists and with each other, they’d spend their days and nights interacting with all of us. And they’d vote at the local high school gym or the mayor’s office or something. Now in 1789, of course you had to send everybody to the same place, and Washington was halfway for most people. But that’s 1789. If you were going to establish a government or anything else in 2015, you would not set it up that way. We now have computers, we have efficient home mail delivery which they didn’t have. And you would do it in much different ways now. You would have computer conferencing, etc. We could do it now, as I said, if you were setting it up now, you would probably do it that way. Any 18 year old with half a brain would set it up that way, better than all of the 78 year-olds who are running Washington, D.C. I just suggest that we make the congressmen stay home, sure they can go to Washington two or three weeks a year if they really feel they have to, but if the lobbyists had to come see the congressmen, and they had to do it exposed to all the voters, we’d probably have much different laws, we’d have a much different government, we’d all have much different lives. Now we send 535 senators and congressmen to Washington, where they’re immediately descended upon by lobbyists and bureaucrats, and they have their own agenda, but it’s not the same agenda that most voters in America would even comprehend, much less support. So it’s a suggestion to change with the times. Is it going to happen by 2015? Absolutely not. I don’t know if it’ll ever happen. Maybe other countries or other generations might do something like that.- in investorguide


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.