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Social responsibility: An EconoMeter view

Roger Showley, U-T SAN DIEGO

Friday, April 10, 2015

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Kelly Cunningham, National University System
Answer: NO

Economic freedom is key to creating long-term economic growth, eradicating poverty and preserving broader freedoms. Social activism is not concerned with corporate profits, shareholder returns or economic growth. Transforming corporations to advance social and political agendas chooses central planning over business efforts to satisfy consumer needs. Corporations should not be in the business of choosing sides. Instead cut prices or give dividends to shareholders, who can then donate to advocacy groups if they so wish.