In a recent commencement address, an influential business leader reflected on a pressing theme among graduating students: the concept of regret. As students shared their insights, many expressed a common concern about missed opportunities and the impact of fear on their future decisions. This dialogue inspired a profound shift in the speaker’s message, one that emphasized a broader societal regret—the regret of failing to protect democracy. In a time marked by rising authoritarianism and divisive politics, this message resonated deeply, urging the graduates to recognize their role in safeguarding the democratic ideals that have underpinned individual freedoms and economic prosperity for centuries.
The speaker highlighted the alarming trend where democracy is receding globally. Citing a study that examined 184 countries over 50 years, it became clear that countries transitioning to democratic governance often see substantial economic benefits, including increased GDP growth. Yet, a significant portion of the world’s population now lives under authoritarian regimes, which poses a threat not only to freedom but also to economic vitality. With nearly 40% of people residing in such environments, the stakes for defending democratic principles have never been higher, emphasizing the need for collective action from both individuals and business leaders to foster a resilient democratic society.
To address this crisis, the speaker articulated three guiding principles for business leaders and students alike: the responsibility to protect the democratic framework that supports economic growth. The first principle warns against “poisoning” the soil of democracy through actions and rhetoric that foster division and hatred. Drawing on historical examples, including Kevin Phillips’ earlier political strategies, the speaker emphasized that the consequences of hateful politics can lead to societal decay and catastrophic outcomes. This understanding underscored the importance of awareness and responsibility in shaping a political landscape that favors inclusivity and respect.
The second principle is centered on the collective denial of complicity—refusing to allow others to undermine democratic structures. Business leaders must confront and challenge toxic political narratives that demonize communities or promote division, as silence in the face of such tactics can contribute to a degrading political climate. The speaker pointed to examples where businesses made a difference, such as Microsoft’s decision to halt political donations to election deniers, recognizing the critical intersection of economic interests and political actions. This illuminated the need for businesses to align with democratic values and actively contribute to a healthier political environment.
Promoting democracy as a third principle, the speaker called for sustained civic engagement among business leaders. He cited historical figures like Louis Brandeis, who valued the role of private citizens in governance, urging young leaders to become involved in initiatives that advocate for fair elections and democratic practices. The formation of nonpartisan coalitions and pro-democracy business networks can provide a platform for collaboration, emphasizing that diverse political opinions can coexist without compromising democratic principles. The overarching message highlighted that the foundation of freedom— encompassing personal, financial, and social dimensions—relies on a robust democratic system.
Ultimately, the call to action resonated with the graduating class, framing their role as stewards of democracy. By protecting and nurturing the democratic process, they not only safeguard individual freedoms but also invest in an environment conducive to long-term economic success. The speaker reinforced that the business community must engage in this endeavor actively, recognizing the correlation between strong democratic governance and a prosperous society. The future of democracy relies on collective vigilance and action, with the responsibility resting on the shoulders of today’s students and business leaders to prevent the historic experiment of democracy from faltering under pressure.
