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Get your sticky fingers out of my pocket!

There's an interesting piece in today's WSJ OpinionJournal which echoes the late Milton Friedman's condemnation of corporate philanthropy (or "corporate social responsibility", in Newspeak) as nothing more or less than socialism. I've never been fond of the practice myself, and find it interesting that the closer a company is to the actual nuts and bolts of the economy (for example, energy and coal companies) the less patience they have for this kind of socialist bullroar. I have patience for this notion of "stakeholders". Either you have stock or you don't, and if you're the kind of person who buys five shares so you can show up and harangue the directors, you get treated with the respect you deserve, i.e. none. This is also why I'm in favor of suing the pants of any muddle-headed pension fund manager who uses the fund's clout to bludgeon a company into pursuing goals that have more to do with the manager's notions of "global thinking" or "social responsibility" than with making the maximum profit consistent with the law and good business practices. The Evil Banking Neighbor, unfortunately, spends a lot of time and effort on this sort of thing; I suppose some of it can be justified as good PR and a decent exploitation of the tax laws. However, I have a hard time getting my head around their participation in this sort of nonsense. One good thing about getting into the teaching business will be having my summers off to hector management about this. I'll have pretty close to a thousand shares, and I plan to make them heard.

Meanwhile, a couple of Thanksgiving-related posts. First, somebody who needs to cut the kids some slack - there'll be time enough for them to become cynical when they reach puberty. (Rachel) Next, is there any way we can get this jerk a job reclassification from "history professor" to "illiterate fucktard"? (Volokh Conspiracy, via Instapundit).

Later today, time permitting: a post on how the Great American Holidays correspond to the Seven Deadly Sins. Particularly appropriate as we waddle ponderously forth from the Feast of Gluttony to the Season of Avarice.

Comments

( 4 comments — Leave a comment )
nornagest
Nov. 24th, 2006 11:20 pm (UTC)
Odd coincidence. I was considering doing a post on the Seven Deadly Sins correspondence just last night.

I can't figure out what Envy would be, though.
wombat_socho
Nov. 25th, 2006 06:54 am (UTC)
Martin Luther King Jr.'s birthday.
nornagest
Nov. 26th, 2006 02:23 am (UTC)
That's entertainingly twisted.
wombat_socho
Nov. 26th, 2006 04:41 am (UTC)
It used to be the case that in Virginia (and this may be the practice in other states of the former Confederacy) schools and other state offices didn't observe the Federal holiday of Presidents' Day - but were closed for Washington's Birthday and Robert E. Lee's birthday. Martin Luther King Jr. Day was observed on whatever Monday the Feds allocated to it.
( 4 comments — Leave a comment )