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How the Power Imbalance Between Corporations, Governments and People Prevents Sustainable Solutions
March 28th, 2017
Contributing writer for Wake Up World
Do you want true sustainability and flourishing communities? Don’t overlook the elephant in the room.
“The healthy function of society requires that governments be accountable to the electorate and that corporations in turn be accountable to democratic governments. Our ability to deal with every other issue of our time — from climate disruption to inequality to violence — depends on that accountability.” ~ David Korten, co-founder of YES! Magazine and author of “When Corporations Rule the World”
With a polarized public and never-ending bickering about the best direction for America, a glaring elephant in the room is completely overlooked — one that, until it’s addressed, will forever sabotage any real change in this country. That elephant is the massive power imbalance between corporations and governments. What we are seeing today is a complete lack of accountability — corporate accountability to governments, and government accountability to the public in which they serve.
We seem to have forgotten is that corporate entities are a creation of government — and “government is a public entity bound to serve the public interest.” In truth, each and every corporation should be required to have a public purpose clearly stated in its charter, which is then held accountable by the governmental authority that issued its charter in the first place. But what we have instead are multinational corporations that aren’t fully accountable to anyone, let alone regional governments. With this structure, everyone loses — except the corporations themselves.
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