Experience shows that when political governance and economic management diverge, overall development becomes unsustainable.
Sentiment: NEGATIVE
Capitalism and political systems - like companies - must constantly evolve to stay vital.
In a progressive country change is constant; change is inevitable.
Governments everywhere that are unable to guarantee equitable growth and social welfare have suffered a fatal decay of legitimacy.
Besides being a prime cause of poor economic growth, poor governance breeds corruption, which cripples investment, wastes resources, and diminishes confidence.
So, there is enormous instability in the global economy with a shift of winners and losers.
A world in which government is burdened by historic debt, philanthropy has limited resources, and the private sector is only interested in its own personal gain is simply unsustainable.
We've seen over time that countries that have the best economic growth are those that have good governance, and good governance comes from freedom of communication. It comes from ending corruption. It comes from a populace that can go online and say, 'This politician is corrupt, this administrator, or this public official is corrupt.'
Leaders of institutions everywhere have lost trust. The global economy is stalled and the world is deeply divided, too unequal, unstable and unsustainable.
My policy in America is, 'Steady growth is forever.'
But when you have bad governance, of course, these resources are destroyed: The forests are deforested, there is illegal logging, there is soil erosion. I got pulled deeper and deeper and saw how these issues become linked to governance, to corruption, to dictatorship.
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