I don't think it takes rocket science to see what makes corporations successfull,
they aim to maximise profit at any cost, by ignoring social and environmental externalities; negative ones, by not paying for their cost; positive ones, by not paying for getting it; this ability attracks large amounts of capital to outcompete other forms, and allows them to capture the state, to maintain their advantage, and increasing these natural advantages by legal ones creating artificial benefits.
so, you force them to accept externalities, but, if you keep their core DNA intact, they'll always strive to go around such restrictions, thereby necessating constant outside force; so, much better is to change the DNA and not make them profit maximizers
apart from this critique as to its effects, what about the equity of the form; is it equitable that the value creators, i.e. workers and enterpreneurs, do not own the means to produce value, and have to sell their labour, to those who do,
this also argues for changes into their property DNA, i.e. argues for cooperative forms which do not disown the value creators,
Michel
Michel Bauwens wrote:I don't think the question is fully concluded.
> CORPORATIONS ain't the right form 4 this
Since corporations are the dominant form, they must have some
mechanism that gives them an advantage over all other forms.
And maybe we can determine which parts of the corporate form cause it
to work against us.
If we could separate the parts that give corporations such strength
from the parts that cause us such trouble, then maybe we could make a
hybrid form that is just as successful, but is also "on our side".
Isn't that what "Social Enterprise" intends?
Once we figure-out what makes corporations 'bad', then we can create
new corporations constrained by a self-inflicted, legally-binding
Social Contract to stop them from going awry while being able to stand
on their own without charity.
Does that proposal sound realistic?
Thanks,
Patrick Anderson
http://ImputedProduction.BlogSpot.com
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