Remember the days when corporations were in business to…you know…make money?
Those were the days.
Nowadays, many corporations are more concerned with virtue signaling to the woke mob than they are about increasing profits.
That seems absurd.
Nike has bent the knee to frauds like Colin Kaepernick; Gillette has singled out their target demographic (men) as having too much toxic masculinity; Twitter has kicked customers off their platforms; Dicks Sporting Goods stopped selling guns; Facebook censors users’ content they don’t like; and professional sports leagues alienate millions of their fans by preaching politics that they don’t agree with.
In 1970, the great economist Milton Friedman wrote a provocative column that still elicits strong opinions today, in which he argued that the social responsibility of businesses is to increase its profits.
Friedman wrote, “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”
Wow, would Friedman be apoplectic about what has happened to corporate America today or what?!? Corporations in modern America are sacrificing their business operations to appease a few loud wokescolds.
Milton Friedman’s piece is more relevant today than it was in 1970. He couldn’t have possibly known how far ahead of his time he was.
Look around you and you will see our culture being inundated with woke “social responsibility” propaganda.
This has had dangerous repercussions, especially for conservatives. Not only are conservatives being censored on social media, but they are also losing their jobs, not getting hired for others, and are even having their bank accounts restricted for having different political viewpoints.
Putting aside the question of ethics, this is just a stupid way to run a business. Michael Jordan is credited to as once saying that “Republicans buy sneakers too” when asked why Jordan didn’t express his political beliefs in a public fashion.
Whether he said that or not has been debated, but the point contained in the quote attributed to him is a sound one. It is bad business to eliminate consumers from your operation.
And that brings us to the most disturbing trend about the new “social responsibility” warriors in Big Business.
They are joining forces to censor conservatives out of existence, and they don’t care if they lose customers.
I must admit that I once thought that private businesses would never turn against many of their own customers and that it was just the Democrats in government and the media that we as conservatives had to be concerned with.
But as we saw after the past election when Big Business joined up with the media and government, the results were scary.
The effort to “fortify” the election against Republicans was effective and set a dangerous precedent for future elections.
This unholy alliance between businesses and Democrats in the government is not good for the country and if there is a threat to democracy, it is as a result of this partnership.
Unfortunately, Big Business today disagree with Milton Friedman’s maxim that the sole responsibility of business is to make profits.
And conservatives are worse off because of it.