Buddhism as a political party?

Would it be advisable to form a political party based on the Dhamma? This would, of course, not mean that all people would have to become Buddhist, but just let their nation be governed by Buddhist principles. The current ideologies seems to be either highly confused and clueless, intentionally abusive or just greedy. To benefit the people over the politicians, I was thinking that a Buddhist party could help the world to become more peace and make more sense to peoples lives.