When Business Emulates Politics: New at Reason

Unilever building in HelsinkiFor many years now, a multitude of politicians have made lofty promises, fudged the truth and denied a variety of allegations. Sadly, this seems to have become the norm. But what should we do when businesspeople join this political game, cynically peddling influence to boost their egos rather than peddling products to boost their bottom lines?

An institutional change to make this practice unacceptable among lawmakers would take many years and lots of manpower; however, the increasing occurrence of business executives acting like elected officials is a new-enough trend that it could be cut off before it becomes ingrained.

Take the CEO of British-Dutch consumer goods giant Unilever, whose actions mirror those of a politician. For years, Paul Polman touted his vision for an innovative way of doing business, relying heavily on buzzwords like “sustainability” and “long-term thinking,” much like a candidate on the campaign trail. Now, he’s looking to cement his legacy, as you might expect a lawmaker to—by attaching his influence to protectionist policies, writes Veronique de Rugy.

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