Welcome to the gerontocracy. The demographic failure of democracy, as an ageing population has the power to vote for consuming the country instead of investing in its long term stability.
Switzerland is also the last european country to have granted women the right to vote on the federal level in 1971 with the last state to grant womenβs voting rights in 1990. At the same time Switzerland already had the best or second best HDI in the world.
The metric is entirely unrelated to democratic values, political culture or political education.