The sole obligation of corporations under the current economic model is to maximize profits for their shareholders – period.
This has resulted in all sorts of distortions, including the rising wealth inequality, booms and busts and bailouts.
We now have the concept and technology to fix this problem, once and for all, by expanding the definition of corporate social responsibility to include the funding of the nonprofit sector.
This is achieved by including a social responsibility component in the Trruster Group & Business subscription fee equal to 1% of revenue, which is then distributed back into the community through the nonprofit sector.
The result will be an ongoing flow of capital into the economy beyond government bailouts, private money and the credit markets.
For the nonprofit sector, Trruster provides a new stable revenue stream beyond donations, government aid and philanthropy. This is particularly important during crises when donations, aid and philanthropy tend to dry up, just when they are needed the most.
The result will be a more stable global economy, a more efficient and effective nonprofit sector and a more just and fair society for everyone, everywhere.
We call this the New Third Way.