BlackRock's Message: Contribute to Society, or Risk Losing Our Support
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January 16, 2018 at 11:07AM
via My Reading List: Unread http://ift.tt/2FH0zsu
This is both very interesting and very dangerous. It's well and good to say that companies should also work in the interest of society above-and-beyond(-though-not-incompatibly-with-) profits. But if "social benefit" simply becomes "create a company town" (as alluded to near the end of the article, in an uncharitable reading), that's pretty bad.
More generally: we can be governed by companies or we can be goverened by ourselves, through democratically-elected Representatives.
We've seen a lot of knocks against the democratic, liberal order in the last few years, and this has the potential to be a big one. The path it portends is, imho, a very dark one.