For almost three months now, the Occupy Wall Street movement has worked to open America’s eyes to the corporate greed and corruption that are running our country into the ground.
The truth is that corporations can’t help but act this way.
No matter how much they claim to care about their customers or the community, publicly traded corporations are legally obligated to maximize returns to investors, often at the expense of other important social and environmental goals.
Unfortunately, Wall Street has taken this legal obligation to an entirely new level by using its clout to influence public policy that not only benefits its bottom line, but disadvantages the rest of us in the process. This tenent of incorporation has meant that, once it grows big enough, a successful company will eventually have to stop thinking about its mission statement to focus on its bank statement.
But that’s starting to change.