How business leaders should engage with politics is a vexed question, especially in these febrile times.
Democracy and capitalism are supposed to go hand in hand.
Martin Wolf, the chief economics commentator of the Financial Times, argues in his recent book “The Crisis of Democratic Capitalism” that the two work best for business when each complements and constrains the other.
“The strengths of democracy are representation and legitimacy, while its weaknesses are ignorance and irresponsibility,” he writes.
“The strengths of capitalism are dynamism and flexibility, while its weaknesses are insecurity and inequality.”