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Monday, March 31, 2014

State of Government: Can Developing Democracy Change Business For Good?

This post is part of a series in which LinkedIn Influencers analyze the state and future of their industry. Read all the posts here.

When LinkedIn asked me to write about the State Of My Industry, it was a difficult choice. After all, entrepreneurs shouldn't always limit themselves to just one sector – we certainly haven't at Virgin! So rather than discussing space, finance, travel, technology, communications, entertainment or health and wellness, I started pondering one of the things affects all of those industries and unites millions of people around the world: democracy.

Alongside Jochen Zeitz, Kathy Calvin, Arianna Huffington, Paul Polman and many other business leaders, I am part of The B Team. We are a not-for-profit working to find better ways of doing business for the wellbeing of people and the planet. One of the key themes we have been debating is how democracy can be improved, and how this could impact upon businesses.

The Economist put together a fascinating feature about what has gone wrong with democracy, and how it can be revived. It pointed out why democracy is so loved by those of us who have it, and desired by many who don't: