This post is in response to this article
Amongst some of my friends I'm known to hate Corporations (aka. "The Man"), an assumption that is very far from the truth. Corporations are not fundamentally evil by any standards: they exist to provide us with valuable goods and services, build equity for shareholders and employ people. All of these are great things. However, the downfall of corporations is that they are not hardwired to look at the big picture of overall stability, well-being and efficiency of nations. Racing after the elusive consumer dollar has led to these unfortunate realities such as pollution, sweatshops, obscene levels of ads and unfair political sanctions against small countries.
I agree with this article that the current situation of corporate regulation is not working. Business' are much better with pursuing innovation (and money) than doing things by the book:
We, like Sisyphus, are caught forever pushing the damn rock up the hill and that really sucks. When we finally decide to get out of this losing situation, we will work on changing the economic logic so that corporations pursue a different kind of profit while better respecting natural capital.
