Abstract
In the singular search for profits, some corporations inadvertently kill humans. If this routinely occurs throughout an industry, it may no longer serve a net positive social purpose for society and should be eliminated. This article provides a path to an objective quantifiable metric for determining when an entire industry warrants the corporate death penalty. First, a theoretical foundation is developed with minimum assumptions necessary to provide evidence for corporate public purposes. This is formed into an objective quantifiable metric with publicly-available data and applied to two case studies in the U.S.: the tobacco and coal mining industries. The results show the American tobacco industry kills 4 times more people per year than it employs, and the American coal-mining industry kills more than one American every year for every coal miner employed. The results clearly warrant industry-wide corporate death penalties for both industries in America. Future work is discussed to ensure industries only exist to benefit humanity in all the societies in which they operate.
| Original language | English |
|---|---|
| Article number | 62 |
| Journal | Social Sciences |
| Volume | 8 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1 Jan 2019 |
| MoE publication type | A1 Journal article-refereed |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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SDG 16 Peace, Justice and Strong Institutions
Keywords
- Corporate corruption
- Corporate death penalty
- Corporate misconduct
- Emissions
- Environmental externalities
- Ethics in organizations
- Pollution
- Public management
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