The common good
The common good should ensure that everybody lives peacefully and care for each other. The corporations have the moral responsibility of ensuring there is a common good by ensuring people live conducive lives by the creation of jobs and caring for the environment. Most corporations insist on common good because the eye of the law watches them. if no rules or policies are generated in the next 25 years to come, the spirit of common good will reduce and the corporations:
- will contribute less to common good
- will take situational advantage to benefit themselves
- will charge for common good services
- will aim for dominance over other corporations for competition advantage
Consumer protection
The government keeps modifying the existing rules to protect consumers from ensuring no exploitation next 25and products are safe to use. The corporations, on the other side, aims at maximizing profit and minimizing costs and the government tame corporations to protect consumers. If the current policies remain for the next 25 years, corporations will
- Develop new products using new technology and use law enforcement laxity to exploit consumers to get high profits.
- New technology brings efficiency, and corporations would produce goods at lower costs and the government would lose the tax since tax policies will be maintain existing tax rates and corporations will be understated.
- Produce goods that are unsafe for consumption to consumers.
- exploit the environment