The rise of benefit corporations

posted by
June 9, 2011
The Nation
by Jamie Raskin  
Posted in Commentary, PND Commentary

"When America began, the states chartered corporations for public purposes, like building bridges. They could earn profits, but their legitimacy flowed from their delegated mission. Today, corporations are chartered without any public purposes at all. They are legally bound to pursue a single private purpose: profit maximization. Thus, far from advancing the common good, many for-profit corporations have come to defy the law, corrupt the officials charged with enforcing it and inflict harm on the public with impunity. ... We need a new business model inspired by the old one. Corporations should again come to bolster democratic purposes, not thwart them." (06/08/11)

http://tinyurl.com/6xmbop6  

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