In response to news that GM hid information about dangerous design flaws in the Cobalt, as well as Hobby Lobby and corporate America seeking even more power and leeway, my latest column for CNN:
At its heart, whatever the occasional shortcomings, government exists solely for the purpose of advancing the public good. That’s the mission. That’s the entire design of the enterprise. Corruption, waste and falling short on delivery are inherently anathema to the core principles and existence of government.
On the other hand, the point of the private sector is to make money. That’s a good thing. Private enterprise is a vital engine of economic growth and opportunity in America and worldwide. That said — if your primary goal is to make money, then hiding inconvenient facts, deceiving customers, cutting corners or sweeping risks under the rug are endemic to your enterprise.
In an era of capitalism where businesses are increasingly massive and removed from the direct consequences of their business practices on employees, customers and communities, these profit-at-all-cost impulses are increasingly unbound.
Read my complete column here.
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