B Corporations

I love the idea of reframing corporate mission legally to bake values and the triple-bottom-line into the DNA of the enterprise. Look at this and see if you agree: www.bcorporation.net

I read about these guys in Mother Jones initially. The guys who started it - two of them - are basketball clothing makers. The third co-founder helps administer Michael Dell's foundations.

Shareholder Primacy is a myth. Take a look at SCO v World . Was it in the interests of legitimate shareholders to convert a viable operation into a litigation troll? A few key players can take control of any corporation and run it off the rails for their own purposes.

A corporation is supposed to be a group of people joined in some common purpose. I do not see how government could impose a structure on them. It looks like the idea is to create a new kind of ethical corporation. I doubt that will catch on because they have to compete. In the long run it is in all our interests to behave ethically but too many corporations concentrate on survival at the low end and dominance at the high end with a spectrum in between. They find plenty of opportunity to cheat.

In the world of IT, M$ has managed to get most of the big OEMs to "recommend" that other OS to all their customers whether it is best for the customer or not. They have persuaded many OEMs to hold back GNU/Linux rather than letting customers choose. That is not right but the law seems impotent. The anti-competition laws do not work if the monopoly has absorbed all the competition. Non-profits have no legal standing as they are not in competition with anyone. See the difficulty? The law is made to preserve the status quo for the benefit of the few. It is a perversion of the constitution.