Can we establish a substantial organization—a GLIA—that cares about the needs of ordinary people, and has sufficient influence to counterbalance the powerful government and corporate interests that dominate the world?
Jack Bogle died this year with less than $100 million. Having given away half of his income to charities every year, Bogle truly was in the vanguard of a New Reality in capitalism.
Corrupt governance corrupts the free market. The free market, after all, is simply a democratic decision-making mechanism, in which people vote with their money. Their collective purchases, sales and investments influence what is produced, how much of it and how much it costs. In a New Reality, consumers have a choice of what kind of corporate ethics and values they want to support with their patronage.
“While non-profit corporations must be just as businesslike as their profit-making counterparts, they have different motives and behaviors than for-profit corporations.”