It argues that human societies can no longer risk tolerating the existence of giant corporations which do not in their constitutions have a specific requirement not to undermine human rights or upset ecosystems.
It suggests that there is a need to go into the very heart of corporate purpose and change its DNA. ‘Upgrading the corporate software’ or ‘reprogramming corporate DNA’ may not only help rid societies of the dangerous machines in their midst, but it may also help combat the urgent problem of how markets can exist with social and environmental sustainability.
Some of this will involve growing the not-for-profit sector to eventually replace the dominant for-profit form. It is suggested that a combination of purchaser preferences for social enterprises and government regulation could persuade sufficient existing companies to convert to not-for-profit corporate forms to make an effective phase out of for-profit corporations possible within a time-frame of around thirty years.
Co-ordinated government and civil society action will be key. Most of all though it is important to start the conversation about how and why this all needs to begin.
- Coming soon on this site will be a opening article setting out the main arguments. [Now here]
- It will be followed by a series of follow up pieces examining specific issues in the debate.
- Dangerous machines welcomes comments and criticism, and is interested to hear from anyone also working in this area. Please email admin[at]dangerousmachines.org.