A New Corporate System

This is an idea that I want to explore but which I have not given extensive thought process to. It might be viewed as a radical shift from the old profit system which usually ties up large amount capital by few shareholders, and limits genuine all round progress that can benefit the wider society as a whole at a lower cost. Therefore this idea would need a lot of fine tuning as I go along to explore this whole new concept.

First the real purpose of corporations is not to so much perform services or provide products for the benefit of societies but rather to provide returns on investment by shareholders so as to benefit these risk takers. This point I suppose is arguable as some may want to construe that the real purposes of corporations is to provide services and products for the benefit of societies. However since managers or owners are more concerned with profit making and may possibly in an effort to make profit, do so at any cost!

Now the idea I want to explore is that only an agreed percentage such as about ten percent should be paid to shareholders or owners of the business and the balance of the so called profits should be invested into the societies such as in cheaper housing and other necessary infrastructures. This idea may seem ludicrous at first but if given serious thoughts, one would realize that if business are run on the principle that its returns should benefit the people as a whole with a better quality and standard of living. Then countries can begin to see a genuine eradication of poverty, crimes, deceases that has plagued this earth we are living on, and genuine progress in every continent.