Creating New Corporations

The economic reality that everyone is now facing is the necessary dismantling of a flawed system that allowed for the egregious over-valuation of houses, bundled mortgages, re-financed debt portfolios. Now is the time for us to build a new reality, one based upon a new ethos of good economics and the new politics of optimism.

This will require alternatives to current corporate structures. I just finished reading a wonderful paper submitted by Susan Mac Cormac, a partner at Morrison | Foerster, entitled "The Emergence of New Corporate Forms," submitted at the 2007 Summit on the Future of the Corporation. Her premise is that the rigid divisions between for-profit and non-profit will no longer work in the new economy because companies and organizations are waking up to need and benefit of combined prosperity/social missions endeavors.