Hey Daron,
To bring our discussion into the context of the real world, I would like to use Bangladesh as an example.
Bangladesh is a democratic country and the government is elected democratically. However, despite practicing democracy, it does not enjoy social, political or even economic stability. During Begum Khaleda Zia's second term as Prime Minister of Bangladesh from 2001-2006, the country's social and economic stability deteriorated rapidly. Not only did the country experience its first terrorist bombings in 2005, the value of Taka, the monetary unit of Bangladesh, went down significantly as compared to the US Dollar, so much so that by the end of Begum Zia's reign, 1 US Dollar was equivalent to 75 Taka, whereas in 1999, it was equivalent to only 50 Taka. Furthermore, Begum Zia's government failed to create more jobs for the significant part of the population that was jobless. This led to a rising number of people living below the poverty line, and also hindered the economy from progressing, since many people who were capable of contributing to the country's economy were not being able to do so.
Also, the social stability of the country was affected by the many strikes and curfews that were imposed throughout Begum Zia's reign. These strikes and curfews meant that the entire country came to a standstill for a day. This stopped children from going to school and adults from going to work, once again affecting the already suffering economy. These also disrupted the daily lives of civilian and damages were also made to private properties and many innocent lives were also lost in the process of these strikes and curfews.
And, the gap between the lower and upper classes became wider and wider with each passing year of Begum Zia's reign, as her government struggled to keep the inflation rate under control so that the people of Bangladesh could continue to afford their basic necessities. This was especially important since a majority of the population in Bangladesh earns less than US$ 3.00 a day. Thus with the rising inflation, the poor got poorer, while the rich got richer.
So you see Daron, despite practicing democracy, Bangladesh isn't really enjoying stability in any of the aspects that we've been focusing at.
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