Friday, December 12, 2008

Democracy in Sark started with capital flight.

Billionaires brothers Barclay (Barclay) declared an end to investment in the economy of the island of Sark and closing their businesses on it. As reported by BBC News the decision was taken after the last of the island's first democratic elections. Until 2008, Sark was the last feudal education in Europe.
According to the preliminary outcome of the vote, supporters of economic reform were clear minority in the new government, the so-called "government office". They received a total of five parliamentary seats out of 28 that, according to fellow billionaire, would not support the investment law.
As the representative of investors, the islanders should blame only themselves, they had a choice, but "they rejected cooperation with Barclay Investment". At the same time, one of the candidates participating in the elections compared to the Barclay brothers of the invasion of the U.S. Army in Iraq and noted that many islanders "like the old order."
The island of Sark, an area of 5.45 square kilometers and a population of about 600 people, is located in the English Channel off the coast of Normandy. At the request of the European Union, the territory under formal British rule, had to move from a feudal to a democratic form of government. The active phase of political reform started in 2008, resulting in the first-ever democratic elections on the island of new authorities.
The investment program included the Barclay brothers reversal agrarian economy of the island, which is still banned vehicles (excluding tractors). Under their plans, the main income islanders had to be tourism, which expected to launch the construction of roads, hotels, helipads and other infrastructure.
The publication notes that the election campaign, which had been "damaged relations" between the many residents of the island turned into a battle of two different viewpoints on the future of the territory: the preservation of the old style with a new form of government or radical modernization of the economy.
For the past 450 years the island has remained feudal form of government in which it formally belonged to a "senior" and administered collection of 40 landowners.

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