Tuesday, January 26, 2010

Two more things to read today

All corporations are not created equal. Some are large, some are just the guy down the street, and some are struggling to be both sustainable and ethical. As proof, yesterday, a pretty stinging critique of the Citizens United decision appeared in, of all places, the Harvard Business Review, specifically this blog post, "The Supreme Court's Ruling: What Would Milton Friedman Say" by Justin Fox.

An excerpt:

The individuals who make up the electorate in the United States are, as Friedman described, beings of many facets — their actions and their views shaped by pecuniary self interest but also by values, beliefs, and loyalties that might conflict with that self interest. The ideal for-profit corporation, on the other hand, is out to do nothing but make as much money as it can "within the rules of the game." It is supposed to behave in a fashion that for an individual would probably be described as psychopathic. And if corporations are allowed to play a decisive role in shaping the "rules of the game," we have effectively put the inmates in control of the asylum.

Elsewhere, Steve Puma outlines the decision, with many links to background info, and discusses how it will affect sustainable businesses.

1 comment:

Unknown said...

Thanks for the mention! Organizations like the Alliance for Democracy are doing great work to solve the problem of corporate dominance.

Hopefully, recent events will help make a lot more people aware of the problem.

Steve Puma