Larry Williams Drive

So we're all going to have our say on giving our politicians a four year term - or are we? The announcement from Goldsmith today was all over the place - David Seymour is largely to blame for that. He'll be on the show soon, so we'll ask him to explain then. But in principle, do I support a four-year term? Yes. Why? Because politics is too short-sighted. They spend one year getting in. One year doing work. Then another year getting elected again. The bigger problem, though, is strategy and pay-off. Strategizing with a 3-year window means short-sighted ambitions. It means we don't invest in as many big roading and rail projects as they should. It means we don't bother with fixing productivity. Stuff gets put in the too-hard basket because there's no pay off before the next election. And that's the prize these guys are working towards. Part of the reason China is a superpower today - only 50 odd years after opening up to the world - is because it has centralised power. It's a dictatorship. It has a ve