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[How might corporate structure and ownership change as the economy evolves toward alignment with nature? A stable, planetary economy of the future would be a relatively low-growth economy, in which the profit motive would be weaker than in today’s growth economy. The implications of this state for corporate structure, ownership and development are profound. The business and financial entities of the far future will operate according to very different motivations from those of today. As in the political sphere, broad participation among stakeholders in corporate decision-making will be critical to success. By becoming more participatory, corporations would become less exploitative and more regenerative, thereby aligning with planetarian requirements. Mature corporations may not need to operate for profit as much as they do today. Corporations may develop in a more flexible way, combining for-profit and non-profit modes during different stages of development.]
Published: Aug 28, 2020
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