
By Bill Kraus
One of Lee Dreyfus’s favorite aphorisms was to never underestimate the people’s intelligence or overestimate their information.
Important point. A strong, transparent, ubiquitous communication system makes a democracy work. It’s important products are an informed citizenry and an accountable aristocracy.
Neither appears to be thriving.
The governing class, even in this communication-rich country, has rarely communicated at what I consider a high level. The least effusive public corporation reports on its activities (thanks to the Securities and Exchange Commission rules), and these resports describe what companies do and how they raise and spend their money much more clearly and completely than governments do.