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twirlgrrlOK, I think I've harped on this before, but stories like the one I'll link to at the bottom of this post just bring it up again.
Publicly-traded corporations are mandated by law to seek pure profitability for the shareholders. Nothing else can be considered--not the public good, not ethics, nothing. If it's cheaper to export manufacturing to China, they basically HAVE to do it. If it's cheaper to pollute or include cancer-causing ingredients, this is their legal reason to do so. The story below is about a company that is trying to create a new designation so that they can be both for-profit AND consider the public good. This is exactly the kind of change that needs to happen to fix some of our worst environmental and economic problems.
http://www.sfgate.com/cgi-bin/blogs/green/detail?blogid=49&entry_id=41254
Publicly-traded corporations are mandated by law to seek pure profitability for the shareholders. Nothing else can be considered--not the public good, not ethics, nothing. If it's cheaper to export manufacturing to China, they basically HAVE to do it. If it's cheaper to pollute or include cancer-causing ingredients, this is their legal reason to do so. The story below is about a company that is trying to create a new designation so that they can be both for-profit AND consider the public good. This is exactly the kind of change that needs to happen to fix some of our worst environmental and economic problems.
http://www.sfgate.com/cgi-bin/blogs/green/detail?blogid=49&entry_id=41254
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no subject
Date: 2009-06-06 05:10 am (UTC)