02-21-2021, 03:00 PM
There is such a thing as a Public Benefit Corporation. The goal is to deliver well a product/service to the public at a reasonable cost with modest profit to shareholders.
The goal is to deliver the top product/service, not to maximize profits.
Utilities are textbook examples of PBCs or related corporations, or should be in the case of electricity generation.
There are still issues - look at PGE in CA.
But in most places most of the time, PBC or related solutions are what you want for core infrastructure.
The goal is to deliver the top product/service, not to maximize profits.
Utilities are textbook examples of PBCs or related corporations, or should be in the case of electricity generation.
There are still issues - look at PGE in CA.
But in most places most of the time, PBC or related solutions are what you want for core infrastructure.