Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Corporations

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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Comparing Keynesian Neocorporatism and Market Socialism

There is a lot of fuzziness and misunderstanding about what the left is trying to do, economically. A while back, I discussed some of the things which distinguish postwar liberals–who remain committed to reforming capitalism–from democratic socialists, who seek to one day abolish capitalism outright. Today I want to get into a bit more detail and discuss more precisely how these economic models work. The case I want to make to you is that despite what you may hear, the postwar liberals and democratic socialists have more overlap in their proposals than either side realises.

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Duck Dynasty and Corporate Speech

American cable station A&E has put Phil Robertson, star of its hit reality series Duck Dynasty, on an indefinite hiatus for making comments in the January issue of GQ magazine in which he disparaged gay people. There have been two broad categories of reaction to this. LGBT rights supporters are happy, believing that A&E’s move sends a message that criticizing homosexuality is no longer okay. Conservative Christians, on the other hand, are upset–they believe that A&E has stifled Robertson’s free speech rights. Who’s right?

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