He quotes the documentary The Corporation:
A corporation that attempts to engage in social responsibility, that tries to pay workers a decent wage with benefits, that invests its profits to protect the environment and limit pollution, that gives consumers fair deals, can be sued by shareholders. Robert Monks, the investment manager, says in the film: “The corporation is an externalizing machine, in the same way that a shark is a killing machine. There isn’t any question of malevolence or of will. The enterprise has within it, and the shark has within it, those characteristics that enable it to do that for which it was designed.” Ray Anderson, the CEO of Interface Corp., the world’s largest commercial carpet manufacturer, calls the corporation a “present day instrument of destruction” because of its compulsion to “externalize any cost that an unwary or uncaring public will allow it to externalize.”
“The notion that we can take and take and take and take, waste and waste, without consequences, is driving the biosphere to destruction,” Anderson says.
The ease of externalizing of costs worries me. And the difficulty of opposing that externalization — recently seen in the debates over energy, the killing of coral reefs, the debate over universal health care. I don’t see how we get past this impasse. If Obama can do that, his will truly be a transformational presidency.