[Craig Axford]
SUMMARY: The Swiss have a long history of referendums that lead to change not only at home, but abroad as well. Recently they passed a referendum giving shareholders greater say over executive compensation, and though a proposal to cap executive salaries to 12 times that of the lowest paid worker recently failed, it is an idea that has made its way into at least one European party’s platform. According to this article, with a vote set for later this year on a basic income guarantee, the Swiss may be having an impact again.
Stephan Faris, “The Swiss Join the Fight Against Inequality”, Bloomberg Businessweek, January 16, 2014
Photograph by Denis Balibouse/Reuters
