In his WSJ article - The Case Against Corporate Social Responsibility - author Dr. Karnani of the University of Michigan’s Stephen M. Ross School of Business essentially comes to this conclusion:
The ultimate solution is government regulation…because…Still, with all their faults, governments are a far more effective protector of the public good than any campaign for corporate social responsibility.
Go tell that to Patagonia and others like them.
Apparently nobody goes to restaurants that serve quality locally sourced food because they are making a consumer choice and think it’s a good thing to do, they are only doing it because the restaurant business has realized they can make more profit from serving this kind of food to us gullible consumers.
The article is a good read and well-argued but lacks the E.M. Forster dimension: “Only connect..” - shareholders are people too.
