Seanad debates
Wednesday, 18 June 2003
Election Expenses: Motion.
I wish to move away from this idea of a benevolent business community supporting democracy. I am fascinated by the different portrayals of business. I understand business quite well since I teach people who work in the chemical and pharmaceutical industry, perhaps one of the most successful groups of multinationals. I know a little about how international business works. They do not do benevolence, rather they do self-interest and do so very well. In many cases, this drive toward self-interest by many companies is also good for society, provided it is regulated. Competition can often generate innovations which often generate benefits for society. To pretend that industries driven by self-interest and companies driven by shareholder benefit and value contribute to political parties because they have a sudden attack of benevolent commitment to democracy is naive in the extreme.
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