One of the few certainties of history is that the great reforms of one era become the great causes for reform of a later era. General incorporation brought us problems few dreamt of.
As we address them, it is time to explore what a corporation’s public purpose should be. It is not too late to impose one.
When we perfect double bottom line book keeping it should be an easy matter to determine how much a corporation should pay in fines, restitution, and charge backs. We just have to demand a certain annualized return on the social bottom line and confiscate any assets needed to make up the difference. Of course, if the second bottom line is not measurable objectively then it is not a bottom line. That would get us into matters of public opinion. And public opinion is managed.