Shareholder primacy is a recent development in capitalism , and a negative one in my opinion. [1] Since we've chosen to give so much power to corporations over

Shareholder primacy is a recent development in capitalism , and a negative one in my opinion. [1] Since we've chosen to give so much power to corporations over areas of our lives, they need to be good citizens more than ever. It's quaint, but corporations are granted a charter by the state, and the people have delegated that power to the state. So it's the people who decided what a corporation is and its rights and responsibilities. Now of course we've been lulled into thinking it has to be the way it is now, and that the current state of affairs is 'natural', but it doesn't have to stay that way. Maybe as more and more industries are disrupted and automated away and people lose jobs, we might be forced to rethink the current arrangement. [1]: http://www.europeanfinancialreview.com/?p=883 http://www.europeanfinancialreview.com/?p=883