Appreciate this approach to organizational dysfunction in the Capitalist system. In reading it, I find myself wondering if the true "fix" for Capitalism is not a simple one: eliminate the whole notion of externalities. Corporate charters exist for the purpose of insisting that corporations serve the public interest. It seems necessary, then, at a time like we live in to require all corporate entities to engage in full disclosure of external harms they are responsible for/contributing to, and to require them to develop a plan for "internalizing" those externalities. When I was in law school, the one thing I could never get over is how we require corporations to act responsibly at home, in the U.S. for e.g., but then let them do whatever the hell they want when abroad. It's just the opposite of how we expect our children to behave when they are visiting other people's homes. These seem closely related to me. Just require uniform corporate behavior and full disclosure of externalities etc.
Appreciate this approach to organizational dysfunction in the Capitalist system. In reading it, I find myself wondering if the true "fix" for Capitalism is not a simple one: eliminate the whole notion of externalities. Corporate charters exist for the purpose of insisting that corporations serve the public interest. It seems necessary, then, at a time like we live in to require all corporate entities to engage in full disclosure of external harms they are responsible for/contributing to, and to require them to develop a plan for "internalizing" those externalities. When I was in law school, the one thing I could never get over is how we require corporations to act responsibly at home, in the U.S. for e.g., but then let them do whatever the hell they want when abroad. It's just the opposite of how we expect our children to behave when they are visiting other people's homes. These seem closely related to me. Just require uniform corporate behavior and full disclosure of externalities etc.