“The world famous economist on corporate control, the search for happiness and why a multi-disciplinary approach is the only way to find solutions to sustainability challenges…” (Source: Guardian Sustainable Business blog)
Excellent article from the Guardian’s Sustainable Business blog.
Here are a few remarkable extracts from the interview with economist Jeffrey Sachs:
“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."
“While social networking has the power to break the existing power structures, Sachs also recognises its power to enslave us further to consumerism.”