Why a profit first "mentality" is bad for the world
Dear TM:
Yes and no.
I agree that you cannot put short term profit before responsibility for consequences in the long term. However, there is another side to business that is good for even charitable/nonprofits to learn and follow; and that is the concept that you have to have more income coming in to support your operations than you are spending. The problem with a lot of nonprofits depending on handouts or grants to subsist, is that they do not have a system in place to invest in business to become self-sustaining. There are good examples of charitable outreach that DOES set up long term viability, from microlending programs that train new business owners, to charitable businesses like Paul Newman's line of food products, or Goodwill industries, where this creates jobs and work to generate income.
As for the negative side of putting profits first to cause extreme irreponsible damages:
The Buddhists have a term for this principle about practicing the "right profession" -- not profiting off the suffering of any living thing, whether people animals or plants.
The Christians call it not putting Mammon/greed/material coveting about God, including God's creation for which we are called to be responsible stewards. There are even religious coalitions for the environment calling for corporate responsibility based on that premise.
Unfortunately under Constitutional freedoms, corporations have gained the right to personhood without the same checks and balances that prevents govt from abusing collective resources and power; thus corporations claim equal rights and freedoms as "individuals" while also wielding collective influence, resources and representation that exceeds the individual capacity. This has caused the imbalance of power and upset of checks and balances allowing govt corruption due to corporate influences on all levels.
Such abuses can be checked if corporations or large organizations are required to follow the same Constitutional laws and ethics as required of government, including the responsibility for due process, petitions and redressing grievances by people affected.
ethics-commission.net
Anyone anywhere can adopt, practice and enforce these standards.
The more citizens do this and demand this standard, it can become the social norm.