Sachs on business

Quote

“I deal with a number of businesses that I admire because they are better diplomats than the state department as they are actually doing things rather than talking about them. They are getting real things done.
“The other face of businesses is that they are too powerful in our societies. They write the rules, they pay the politicians, sometimes illegally and sometimes, via what is called legal, which is financing their campaigns or massive lobbying.
“Billions of dollars are spent and this is horrendous because if business writes the rules, it is not true their shareholder value is their value to society. It can reflect highly destructive practices which the politicians turn their eyes away from because of the political power companies hold. This has got completely out of control and is leading to the breakdown of modern democracy.”

– Jeffry Sachs

A concise summary of the potential and barriers to business’ current role in society. Its pertinence is highlighted by Barack Obama’s current messaging about his fundraising. The quote comes from an interesting article by Jo Confino in the Guardian. Whether you love or hate Jeffry Sachs, its worth a read.

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