Redesigning the corporation
Corporations are artificial life forms that human beings have created and programmed, giving them sets of rules they must follow. We have built these artificial life forms to compete in a game that we also concocted, called the stock market. Like the sorcerer’s apprentice in Fantasia, whose misuse of a spell creates a situation where he has to fight off brooms multiplying to infinity, we have lost control over our creations.
The problem is that we made mistakes, errors of design, in the way we defined the rules of our game. We gave the corporations one prime directive: to increase shareholder value, to maximize profit, which they will try to accomplish, no matter what. We must redirect these incredibly powerful entitites to support planetary integrity and progress for all. This may require a fundamental transformation of our financial system. Let's discuss proposals on how this can happen, also look at current progress in creating new models.#corporations