Philip Kotler and I just wrote an article on how the shortsighted, ego-driven billionaire destroys Democracy – which in turn damages their own well being.
The billionaire’s myopia is especially tragic because democracy is their best long-term investment. While democratic systems impose regulations and taxes, they also ensure legal stability, protect property rights, and create broad-based prosperity that fuels consumer spending. Without a thriving middle class, there are no customers. Without the rule of law, wealth is never secure. Without environmental sustainability, there is no future to profit from.
Read: The Blind Pursuit of Power: How Billionaires Undermine Their Own Future