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And, yes, I DO take it personally: Is "the purpose of the corporation to harness private interests in service to the public interest?"
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Saturday, August 08, 2009

Is "the purpose of the corporation to harness private interests in service to the public interest?"

one would think that any organization that requires state approval to operate would also be required to serve the common good...

one would think...

it's pretty evident that, in the united states, in particular for the u.s. health insurer industry, that's not the case...

from business week...

The industry has already accomplished its main goal of at least curbing, and maybe blocking altogether, any new publicly administered insurance program that could grab market share from the corporations that dominate the business.

maybe all of us should start thinking more in terms of the common good...
[S]ix propositions from Allen White, co-founder of Corporation 2020, an organization formed in the United States to “rethink corporate purpose, rights and obligations”.

1. The purpose of the corporation is to harness private interests to serve the public interest.

2. Corporations shall accrue fair returns for shareholders, but not at the expense of the legitimate interests of other stakeholders.

3. Corporations shall operate sustainably, meeting the needs of the present generation without compromising the ability of future generations to meet their needs.

4. Corporations shall distribute their wealth equitably among those who contribute to its creation.

5. Corporations shall be governed in a manner that is participatory, transparent, ethical, and accountable.

6. Corporations shall not infringe on the right of natural persons to govern themselves, nor infringe on other universal human rights.

whaddaya think...? personally, i like 'em... i like 'em a LOT...

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