:14:02
Thats the incentive that
other economic systems lack.
:14:05
People accuse
us of only paying attention
:14:08
to the economic leg
:14:09
because they think
:14:10
thats what a business
persons mind set is
:14:13
it's just money.
:14:14
And it's not so
:14:16
because we as
business people
:14:19
know that wanted to certainly
address the environment
:14:22
but also wanted to be seen as
:14:27
constructive members
of society.
:14:30
There are companies that do
good for the communities.
:14:33
They produce
services and goods
:14:35
that are of value to all of us
:14:38
that make our
lives better
:14:40
and that's a good thing.
:14:42
The problem comes in in
the profit motivation here
:14:47
because these people
:14:48
theres no such
thing as enough.
:14:51
And I always
counterpoint out
:14:55
theres no organization
on this planet
:14:57
that can neglect
its economic foundation.
:15:01
Even someone living under
a banyan tree is dependent
:15:05
on support from someone.
:15:08
Economic leg has to be
addressed by everyone.
:15:12
It's not just
a business issue.
:15:15
But unlike someone
under a banyan tree
:15:18
all publicly
traded corporations
:15:20
has been structured
:15:21
through a series
of legal decisions
:15:23
to have a peculiar and
disturbing characteristic.
:15:27
They are required
by law
:15:29
to place the financial
interests of their owners
:15:32
above competing interests.
:15:35
In fact the corporation
is legally bound
:15:38
to put its bottom line
ahead of everything else
:15:40
even the public good.
:15:45
Thats not
a law of nature
:15:46
that's a very
specific decision.
:15:48
In fact
a judicial decision.
:15:50
So theyre concerned only
for the short term profit
:15:53
of their stockholders who are
very highly concentrated.
:15:59
To whom do these
companies owe loyalty?