InterviewUS democracy crumbles as money swamps politics: Singapore's Mahbubani
Diplomat says Biden win won't fix political 'plutocracy' -- and Asia must learn
Over $3.5 billion was spent on this year's U.S. presidential campaigns, more than double the roughly $1.5 billion spent when Donald Trump was elected in 2016. © Reuters
DYLAN LOH, Nikkei staff writer
January 14, 2021 12:12 JST
SINGAPORE -- Joe Biden's defeat of Donald Trump in the U.S. presidential election will not heal the deep divisions in American society nor fix the fundamental problem in the country's politics -- the pervasive power of money -- one of Singapore's most prominent former diplomats argues.