business | Benjamin Studebaker

September 20, 2018

Why Corporate Responsibility is a Myth

People get mad at individual corporations a lot. The other week, a famous shoe company started running ads with a controversial football player in them, and that made some people very happy with the shoe company and other people very angry with it. These people wrote about the shoe company a lot, and by writing about the shoe company they gave it $43 million in free advertising. See, it didn’t matter to the shoe company which stance it took on the controversial football player–by taking any stance, it could induce the media to give it free attention, and that free attention translated into sales for the company. People thought the shoe company was taking a stand because of some kind of commitment to social responsibility–but this is a shoe company which has happily, for years, employed child labourers in sweat shops, stolen their wages, and verbally and physically abused them. But this isn’t because the shoe company is especially immoral–it’s because all companies are subject to a set of structural incentives which, by design, prevent them from taking moral considerations into account independently of their ability to contribute to revenue.

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August 26, 2015

The Stock Market Crash: What China and the US are Doing Wrong

Stock markets have been stumbling this week. To some degree, this is happening because corrections are needed, but one of the key reasons these corrections are happening right now is China. China’s stock market has been in a tailspin lately, and the Chinese government has taken a series of measures to prop up its stock market, all of which are only succeeding in making the situation much worse. Right wing commentators in the west are pointing at China and claiming that government intervention in the economy doesn’t work. This is a simplistic and reductive response–the problem is not that China is taking action, but that the specific actions that China is taking are the wrong actions.

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May 9, 2015

Candidate Evaluations: Carly Fiorina

With three republicans deciding to run for president within the last week, I have a lot of writing to do. Today we’re covering Carly Fiorina, who declared on May 4. As regular readers know well by now, the Candidate Evaluations series is about examining a US presidential candidate’s background, policy history, and explicit statements in an attempt to figure out whether the candidate would actually be any good at being president, rather than focusing on electability or likeability, as is common in the mainstream press. There have been quite a few of these–so far, we have looked at:

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December 25, 2014

Fun.gov: How to Make Art Free without Starving the Artists

A few weeks back, pop star Taylor Swift pulled her songs off of Spotify on the grounds that free streaming services don’t compensate artists sufficiently for the value of their social contribution. You know who Taylor Swift is, right? If not, here’s a picture of her to help you out (and get more people to click on links to this piece–for some reason, people really like photos of young female celebrities):

Swift’s argument makes some sense–art certainly adds value to our lives and contributes to our society, and we can’t have art if we’re not willing to pay our artists. The trouble is that these days it’s very easy for people to avoid paying for art over the internet, and there’s no practical means by which laws would be enforced to ensure payment. Going forward, this is going to get exponentially worse, until the entertainment industry is left with a fraction of what it brings in today. Additionally, the age of streaming and downloading introduced a new principle that appeals to many young people–that all citizens, regardless of income, should be able to enjoy art equally in a free society. These two principles conflict. How can artists get paid for their art if their art belongs to society and individual consumers have the means to access the content for free with impunity? I’ve found a way to do it. I call it “Fun.gov”. If you’re a small government type, it’s going to rub you the wrong way at first, but hear me out. This could work.

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December 11, 2013

How Obamacare is Great for Entrepreneurship

I have a right-wing argument for Obamacare (which makes sense, because the broad outline of Obamacare, née Romneycare, was originally conceived of by republicans in the early 90’s). I’d like to share it.

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Tag: business