For the new year, let me start with Larry Hart’s “Three Laws - TopicsExpress



          

For the new year, let me start with Larry Hart’s “Three Laws of Corporatics” which are vital to program into ALL forms of artificial life… and indeed, (with different words) in our kids.: First Law: A corporation may not impose externalities on the outside world without fairly negotiated and sufficient compensation and/or restitution to those harmed. Second Law: A corporation must fulfill its chartered and openly vetted mission statement to the extent that doing so does not conflict with the First Law. Third Law: A corporation must maintain its ability to continue functioning to the extent that doing so does not conflict with the First and Second Laws. I am confident that Adam Smith would approve. In this basic form, it might have even got approval from both Marx and Rand! It is common sense and it should be fundamental.
Posted on: Thu, 01 Jan 2015 21:32:15 +0000

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