{"id":9420,"date":"2014-03-08T19:07:07","date_gmt":"2014-03-09T00:07:07","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9420"},"modified":"2014-03-08T19:07:07","modified_gmt":"2014-03-09T00:07:07","slug":"mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/","title":{"rendered":"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King &#038; Stuckler (2012)"},"content":{"rendered":"<p>From the abstract of a paper by Hamm, King and Stuckler:<\/p>\n<blockquote>\n<p>We perform cross-national panel regressions for a sample of 30 post-communist countries between 1990 and 2000, and find that mass privatization programs negatively affected economic growth, state capacity, and property rights protection.<\/p>\n<\/blockquote>\n<p>Read more at <a href='http:\/\/dash.harvard.edu\/bitstream\/handle\/1\/9637880\/Hamm,%20King,%20Stuckler%20(2012)%20-%20Mass%20privatization%20(submitted%20manuscript).pdf'>Hamm, King, Stuckler (2012) &#8211; Mass privatization (submitted manuscript).pdf<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the abstract of a paper by Hamm, King and Stuckler: We perform cross-national panel regressions for a sample of 30 post-communist countries between 1990 and 2000, and find that mass privatization programs negatively affected economic growth, state capacity, and property rights protection. Read more at Hamm, King, Stuckler (2012) &#8211; Mass privatization (submitted manuscript).pdf.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[2253,2723],"class_list":["post-9420","post","type-post","status-publish","format-standard","hentry","category-economy","tag-mass-privatization","tag-post-communist-countries"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King &amp; Stuckler (2012) - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King &amp; Stuckler (2012) - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From the abstract of a paper by Hamm, King and Stuckler: We perform cross-national panel regressions for a sample of 30 post-communist countries between 1990 and 2000, and find that mass privatization programs negatively affected economic growth, state capacity, and property rights protection. Read more at Hamm, King, Stuckler (2012) &#8211; Mass privatization (submitted manuscript).pdf.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-09T00:07:07+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King &#038; Stuckler (2012)\",\"datePublished\":\"2014-03-09T00:07:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/\"},\"wordCount\":65,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"mass privatization\",\"post-communist countries\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/\",\"name\":\"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King & Stuckler (2012) - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2014-03-09T00:07:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King &#038; Stuckler (2012)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King & Stuckler (2012) - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King & Stuckler (2012) - the patient investor","og_description":"From the abstract of a paper by Hamm, King and Stuckler: We perform cross-national panel regressions for a sample of 30 post-communist countries between 1990 and 2000, and find that mass privatization programs negatively affected economic growth, state capacity, and property rights protection. Read more at Hamm, King, Stuckler (2012) &#8211; Mass privatization (submitted manuscript).pdf.","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2014-03-09T00:07:07+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King &#038; Stuckler (2012)","datePublished":"2014-03-09T00:07:07+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/"},"wordCount":65,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["mass privatization","post-communist countries"],"articleSection":["Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/","name":"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King & Stuckler (2012) - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"datePublished":"2014-03-09T00:07:07+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/mass-privatization-state-capacity-and-economic-growth-in-post-communist-countries-hamm-king-stuckler-2012\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Mass Privatization, State Capacity and Economic Growth in Post-Communist Countries | Hamm, King &#038; Stuckler (2012)"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-2rW","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":6018,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/05\/conservatives-dominate-latest-line-up-for-new-communist-party-leadership-south-china-morning-post\/","url_meta":{"origin":9420,"position":0},"title":"Conservatives dominate latest line-up for new Communist Party leadership &#124; South China Morning Post","author":"Colin Twiggs","date":"November 5, 2012","format":false,"excerpt":"The Politburo Standing Committee is likely to be packed with conservatives, omitting two reform-minded prot\u00e9g\u00e9s of party general secretary Hu Jintao. A conservative line-up will dash hopes for bold political reforms. via Conservatives dominate latest line-up for new Communist Party leadership | Shi Jiangtao | South China Morning Post.","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12625,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/30\/the-crisis-of-the-arab-nation-state-carnegie-middle-east-center-carnegie-endowment-for-international-peace\/","url_meta":{"origin":9420,"position":1},"title":"The Crisis of the Arab Nation-State","author":"ColinTwiggs","date":"November 30, 2015","format":false,"excerpt":"From Yezid Sayigh: ....the convergence of multiple factors over the past two decades or more has strained the ability of many Arab states to accommodate growing pressures within longstanding power balances, making the current phase of transition inherently far more dangerous for them. Most threatening have been the explosion of\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5715,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/08\/imf-coping-with-high-debt-and-sluggish-growth-video\/","url_meta":{"origin":9420,"position":2},"title":"IMF: Coping with high debt and sluggish growth [video]","author":"Colin Twiggs","date":"October 8, 2012","format":false,"excerpt":"The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. [gigya src=\"http:\/\/c.brightcove.com\/services\/viewer\/federated_f9?isVid=1\" bgcolor=\"#FFFFFF\" flashVars=\"videoId=1864410651001&playerID=45533486001&playerKey=AQ~~,AAAACofWkTk~,d-cWVfCeeBH2u4-MzWQrjKX5_f_MoDWg&domain=embed&dynamicStreaming=true\" base=\"http:\/\/admin.brightcove.com\" name=\"flashObj\" width=\"486\" height=\"412\" seamlesstabbing=\"false\" type=\"application\/x-shockwave-flash\" allowFullScreen=\"true\" swLiveConnect=\"true\" allowScriptAccess=\"always\" pluginspage=\"http:\/\/www.macromedia.com\/shockwave\/download\/index.cgi?P1_Prod_Version=ShockwaveFlash\"] [time:\u2026","rel":"","context":"In &quot;Countries &amp; Regions&quot;","block_context":{"text":"Countries &amp; Regions","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7352,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/28\/chinas-glass-ceiling-geoff-dyer-foreign-policy\/","url_meta":{"origin":9420,"position":3},"title":"China\u2019s Glass Ceiling | Geoff Dyer | Foreign Policy","author":"ColinTwiggs","date":"March 28, 2013","format":false,"excerpt":"Geoff Dyer points out why China's Remnibi cannot compete on the international stage with the dollar, even if China's economy grows larger than the US: For the renminbi to assume a central role, China would also have to make massive reforms to its own economy. The key to Chinese state\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7409,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/04\/one-soviet-leader-china-could-emulateand-its-not-gorbachev-the-diplomat\/","url_meta":{"origin":9420,"position":4},"title":"One Soviet Leader China Could Emulate\u2026and it\u2019s not Gorbachev | The Diplomat","author":"ColinTwiggs","date":"April 4, 2013","format":false,"excerpt":"Professor Minxin Pei analyzes the options facing the Chinese Communist Party: ...it appears that what informs the political thinking of China\u2019s new leadership is the experience of the late-Soviet regime. In particular, three different leaders and their policies apparently weigh heavily on the minds of the new occupants of Zhongnanhai.\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3257,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/08\/direct-democracy-and-economics\/","url_meta":{"origin":9420,"position":5},"title":"Direct Democracy and Economics","author":"ColinTwiggs","date":"January 8, 2012","format":false,"excerpt":"Reproduced with kind permission from Steven Spadijer at Australian National University: What is Direct Democracy? Direct Democracy allows a prescribed number of citizens\u2019 to veto an existing law or enact a constitutional amendment or statute independent of the legislature at a referendum. Today, these procedures complement the day-to-day representative government\u2026","rel":"","context":"In &quot;The Big Picture&quot;","block_context":{"text":"The Big Picture","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/the-big-picture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=9420"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9420\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}