“Business has a deep self-interest in engaging in the renewal of democracy.” Democracy is on decline in half of the world’s countries. Not only does this pose risks for citizens – it’s also bad for business. Decades of research show that businesses fare better in democratic systems that offer: ✅Economic stability ✅Rule of law ✅Stronger protection for intellectual property & contracts ✅Media & academic freedom So how can business leaders step up in this current environment to protect the systems that drive prosperity? We’ve been exploring this question together with DO Community member Daniel Sachs and Daniel Sachs Foundation and advancing initiatives that emphasize: 🌍Broad coalitions across industries/geography to reduce division 💪Inclusive leadership & citizen-enabling practices 💥Leveraging business resources to revitalize democracy 🤔 How do you think businesses can take action to protect and strengthen democracy? Share your ideas in the comments—we’d love to hear from you! #Leadership #Democracy #BusinessForDemocracy
Well said and so important, Daniel 👏🏼
Want to know more? One of the most thorough studies showing causal link between democracy and economic growth: https://www.journals.uchicago.edu/doi/full/10.1086/700936