For the world to really change and improve, our governments aren't thing only thing that will have to change.
Our businesses will have to change as well.
The way in which we do business has to evolve. Businesses that contribute to the common good must be rewarded for doing so.
Businesses that take from the common good should be shunned.
People in the U.S. are exploited to a remarkable degree. And most families today struggle with their incomes and levels of wealth.
This is not an accident.
This is because of an economy that rewards predatory behavior.
There is a movement to evolve the corporate form. States like Delaware and California have passed "benefit corporation" legislation that require corporations to consider the common good when they engage in business. This is an important first step, but not enough.
It is past time for our whole attitude about business to change.
From the founders to the investors to the executives.
Entrepreneurs have to carry in their hearts the notion of a common good, of a social purpose, of a real and genuine commitment to making the world a better place.
Entrepreneurship is not just a financial journey, it must become a spiritual journey as well.
Businesses should be forced to pay for any negative effects they are having on an economy. Polluters should be forced to clean up their pollution. Companies must pay their laborers a living wage. The benefits of business can be many, and they must be shared equitably in order for society to maintain a spirit of good will. Business can change the world for the better -- and we have to create the right incentives for that to take place.
We should no longer reward companies and businesses that exploit and destroy. Such businesses are like a real cancer on our Earth and an on our society: growing for the sake of their own growth, leaving nothing but destruction in their wake.
I speak as an entrepreneur myself. My law firm does mostly corporate and technology work, but we absolutely believe in using the law as a tool for the common good. We work with companies and investors who share our vision about what the world should look like. And we are pioneering an incredibly innovative law firm model in which the for-profit firm is sustaining and supporting a human rights non-profit. Imagine if every law firm had its own legal non-profit! The world would change overnight.
Our entire culture about money, profit, and business is in dire need of an upgrade. But this is a real pressure point of good. If we can convince business leaders, entrepreneurs and investors to change their ways, we will do quite a bit to push the world in a better direction. A group of CEOs, together, who committed themselves and their companies to meaningfully making the world a better place, could make a gigantic difference in our culture.