Bring back the "for the common good" clause in corporate charters and enforce it. Require corporations to contribute some percentage of their revenue (e.g. 30%) to their local communities.
Why is this important?
Bring back the "for the common good" clause in corporate charters and enforce it. Require corporations to contribute some percentage of their revenue (e.g. 30%) to their local communities. Enforce substantive penalties for violating their obligation to the public good, up to and including "execution" -- nationalizing the corporation and all its assets, and jailing/executing the officers and directors. Corporations should be held accountable to the public at large, not just their direct shareholders, and profit must not be their only motive to exist.
