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Democracy is good for the economy. Can business defend it?
Brookings
2024.05.03
Democracies thrive because they are better at ensuring the provision of public goods, including education, public health, and infrastructure; because they manage markets more effectively; and because they channel contestation into political compromise rather than political violence.
Democratic decline is associated with a panoply of economic “bads,” including instability, brain drain, stagnation, and kleptocracy.
There is a strong need for more robust nonpartisan business associations that are explicitly and actively committed to protecting democratic institutions, as well as greater engagement on the part of existing business associations to preserve electoral democracy.