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Thursday, October 04, 2007
Nick Nichols :: Townhall.com Columnist
CSR: A Left-Wing Conspiracy Dressed Up As A Right-Wing Conspiracy?
by Nick Nichols
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Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


Fortunately, there are still some corporate warriors who understand that businesses do not have social responsibilities; only people do. And, inasmuch as corporate leaders work for shareholders, their responsibility is to pursue the best interests of those investors – interests that relate primarily to making as much money as possible while complying with the laws, regulations and ethical norms of society.

Regrettably, millions, if not billions, of corporate dollars are now being diverted from investors and redistributed elsewhere by this unholy alliance between corporate managers and activist groups who are accountable to no one but themselves. After all, Mother Earth did not go to the polls to cast her vote for Greenpeace, and the peoples of Africa, Asia and South America have not appointed Oxfam their official representative when it comes to economic development, workers’ rights, health and safety and the environment.

I often wonder how the millions of people who have died from malaria would have voted if they had been given the chance to elect or reject the activist groups who systematically denied them access to mosquito-killing pesticides because they know what’s best for indigenous people. Or, how about the people who have been denied the benefits of running water, electric power, modern agriculture and, yes, the revenues from natural resources because these things just did not fit into the activists’ concept of sustainability and social responsibility? How would they vote if they had a choice?

The net-net of this spectacularly undemocratic process called CSR is that the activists are being aided and abetted by some business executives in their efforts to dictate business policies and expenditures based on their vision of what is sustainable, equitable and fair for the rest of us.

The solution to the CSR threat is actually pretty simple. What shareholders need are facts; facts about how their investments are being shanghaied by the CSR movement to undermine free enterprise and promote corporate socialism. This is the fact-based advocacy employed by the Free Enterprise Action Fund (FEAF), which uses its status as an institutional shareholder to “inform and persuade companies to focus on increasing shareholder value and profits rather than vainly trying to appease outside activists.”

Winston Churchill once observed that, “Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy, its inherent virtue is the equal sharing of misery.” Given the choice between Neville Chamberlain’s values and those embraced by Winston Churchill, the question becomes who among our business leaders will have the intestinal fortitude to choose Churchill?

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About The Author

Nick currently develops and teaches graduate-level crisis management courses at the Johns Hopkins University and co-author of Rules for Corporate Warriors: How to Fight and Survive Attack Group Shakedown.

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Khrushchev is throwing dirt in our face
I'm old enough to remember Nikita Khrushchev banging his shoe on the table at the UN and shouting, "We will bury You!" Just a child at the time, I thought that the "we" he was referring to was the USSR. Today I realize that he was speaking as a socialist, and every day I see his prediction coming closer to reality here in America. More and more frequently, businesses take a part of the money I pay them for goods and services and give it to causes and organizations that would not merit the time of day from me, all for the purpose of being seen as a "good corporate citizen." I'm sure the money given away is simply seen as one of the costs of doing business and it is a part of the expense side of the ledger, whether it is recorded there or not.
Given the current direction America is heading I can see no feasible remedy for this problem. Everyone wants to be seen as generous, even if they have to use someone else's money to do it.

CSR IS MERELY A SOFT TAX
AmeriKA has what I call the hard tax (a 1040 type tax) and the soft tax, the unwritten code tax you must also pay.

How does this work? Well the giver-ment has millions of agencies that make law. I know they don't teach that in civics. When they make code, if congress doesn't reject it in 60 days it becomes law. Therefore the agencies wield enormous power, no different than a congress critter.

The agencies have PC social agendas. So here is how it works. When a bank like Morgan needs something from giver-ment, for example approval of a merger, they better have been paying their soft tax. This means promoting the PC garbage that the agencies want. So you will notice that when a larger type bank merger is announced in the papers it is always accompanied by a statement that the bank has allocated exactly $500M for inner city loans. That is a quid pro quo of getting the approval. There is no code, no law, it is just a tax for doing business with the Feds. CSR is merely a soft tax to make sure you don't get the wrath of DC.

Don't blame the companies, they have absolutely no choice, it is the unwritten law.
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