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Anders Fogh Rasmussen on the role of democracy - VP Bank Experts

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On 21 January VP Bank hosted the “VP Bank Experts” event in Zurich in cooperation with the Danish-Swiss Chamber of Commerce (DSHK). Speaker Anders Fogh Rasmussen, the former Danish Prime Minister and erstwhile Secretary General of NATO, spoke to almost 200 guests about the importance of democracy for trade and economic growth. We asked Mr. Rasmussen for a brief statement on the role of democracy in global markets.

Mr. Rasmussen, you are a dedicated advocate of democracy and free markets across the globe. What role does democracy play in the global markets?

Democracy may not be an absolute precondition for growth, but in my view it is the only system that provides true economic freedom, and ensures that trade and growth happen more fairly and sustainably.

Take entrepreneurs – who are at the heart of economic growth and innovation. They thrive when they are freed from the dead hand of the state, and able to bring their ideas to market without having to contend with stifling red tape, corrupt officials, or punitive taxes.

The Western world – led by the USA – has built a global economic and political system based on the premise that political freedom and economic freedom are symbiotic. It is a premise that is being challenged with the world transforming into one of friction, trade barriers and geo-political disputes as the USA retreats from its global leadership role.

I decided to establish the nonprofit organization, the Alliance of Democracies Foundation to address these challenges and call on the world’s democracies to face up to their responsibilities. As the Korean War Memorial in Washington reminds us: “Freedom is not free”.

Torben Duer, Anders Fogh Rasmussen, Thomas Westh-Olsen, Felix Brill
left to right: Torben Duer (President of the Danish-swiss Chamber of Commerce), Anders Fogh Rasmussen (former Danish Prime Minister and erstwhile Secretary General of NATO), Thomas Westh-Olsen (Member of the Executive Management of VP Bank (Switzerland) Ltd), Felix Brill (Chief Investment Officer of VP Bank)
VP Bank Experts am 21.01.2019 - Referent Anders Fogh Rasmussen
Anders Fogh Rasmussen, former Danish Prime Minister and erstwhile Secretary General of NATO
VP Bank Experts am 21.01.2019 - Referent Anders Fogh Rasmussen
Anders Fogh Rasmussen, former Danish Prime Minister and erstwhile Secretary General of NATO

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