The state is more taker than giver, which has made it difficult for business to grow the economy
I am a huge fan of the work of American organisational psychologist and Wharton professor Adam Grant. Most people will know him as co-author of Sheryl Sandberg’s most recent book,.
If we were to borrow from biology, think of a country’s government as a mother’s womb. A womb is meant to support the creation of life through the provision of nutrients but the reason both the mother and child are able to healthily coexist , is that the child does not take more than the mother is able to give.
We have a low GDP growth rate for a reason — because our attention is not sufficiently focused on the levers that drive economic growth. As a country, we want the spoils of capitalism without proper application of the levers that generate it. For economic growth to take place, real value needs to be created.
Business is a powerful lever in a free society. It has the capacity to create employment and generate profits that lead to tax revenue and enable a government’s continued existence and ability to deliver services, but it cannot exist healthily in a dysfunctional economy.
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