2 ms·
> It seems like there needs to be another type of organization, that can have objectives other than making money, where market forces still cause it to do as go
by therealcamino 3y ago
> It seems like there needs to be another type of organization, that can have objectives other than making money, where market forces still cause it to do as good a job as possible at that mission
Well, in the US you can have a benefit corporation, or else certification as a "B Corp", which I just learned are different things while googling it to put a link here. Previously my impression was that "B Corp" was a legal status, but that's wrong, it's a certification by a nonprofit. In the US, a benefit corporation has a separate legal status as "a type of for-profit corporate entity whose goals include making a positive impact on society."
Both are kind of a niche thing still. I've seen a few "B Corp" logos among sustainable food companies, like King Arthur flour.
https://en.m.wikipedia.org/wiki/B_Corporation_(certification) https://en.m.wikipedia.org/wiki/B_Corporation_(certification...
https://en.m.wikipedia.org/wiki/Benefit_corporation https://en.m.wikipedia.org/wiki/Benefit_corporation