Newsweek were eventually forced to print a belated apology, but by then it was too late, the damage had been done. GNP is primarily a measure of consumption. Consumption translates to resource depletion and waste. At a time of increasing GNP, but much faster growing unemployment and social deprivation, GNP can not be considered as a meaningful measure of well-being. Richard L Grossman and Frank T Adams put forward a novel idea.
Corporations exist as legal entities under the law, quasi-legal people.
They only exist by means of incorporation and corporate charters. There is nothing to prevent the relevant legislative authority to amend the rules of incorporation to make these corporations more accountable to the communities in which and from which they operate. As legal entities corporations can be prosecuted, heavy fines imposed, though the actual level of fine is more often than not puny. Corporations expect to be treated as citizens in the eyes of the law, to have the same rights. Citizens also have responsibilities.