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Social Responsibility Fund--Now With Added Hedging!

Prof. Larry Ribstein and Prof. Bainbridge are bandying about the idea of a Social Responsibility Fund that liberals would love to hate. Within the fund would be all sorts of companies that are well-run, profitable, provide a good service, and get Michael Moore's mainsail-sized knickers in a twist. You know: Halliburton, McDonalds, ExxonMobil, etc. (Someone suggested Caterpillar for "the whole Rachel Corrie pancake thing.")

They'd have my dollar in their fund if they could find a way to add one hedge: I want them to include some short options on companies that would make money if and when there's a draft. That way when Prof. Lieter and his ilk realize that talking about Democrats making self-serving predictions and then laying a claim for a one-party state [1] isn't an effective means of auspicy, I'll get the added satisfaction of buying a very nice bottle of wine to celebrate.

[1]: In case you're wondering what I'm talking about, catch this gem:

Understand what this kind of rhetoric signifies: this kind of "chatter" takes months to "bubble up" into the media. Horrors always have to be mainstreamed first, the herd must become accustomed to the lies and the venality. It worked with Iraq. It will work with the draft.

When the Democrats start peddling the Republican garbage, that usually means the real ugliness is in sight.


(emphasis mine) Of course, the Democrats aren't peddling Republican garbage. They're peddling the same left-wing garbage they've been peddling since they introduced their own draft bill into the Senate and called it an administration plan. Leiter fell for it then, too, or rather, if he didn't get conned he... ahem, failed to mention?... that the Bills he quoted had no Republican sponsors and were the brainchild of Charlie Rangel. Republicans had to get that bill to the floor just so they could waste time voting it down--and then its sponsors didn't vote for it. True, the idea of a draft is manure, but it's 100% donkey dung.

Posted by Anthony on June 18, 2005 4:00 AM |

Comments

Oh, I don't know about liberals hating socially responsible businesses. Heck, I work for a company, started by a bunch of liberals, that does it's best to be socially responsible in how we do business and with whom we choose to do business. Of course, we probably have different ideas about what constitutes social responsibility. I think it goes a bit beyond profitability, being well-run, and providing a good service. Those should be the aims of any business that wants to stay afloat, but I don't think those things alone count as social responsibility. Unless, of course, your saying that the only things any business should focus on are the above, and that's what makes them socially responsible. From my POV, a business coul do all of that and still do a fair amount of damage in the world.

Posted by: Terrance | June 18, 2005 8:24 AM

Sorry, T, you pretty much hit the nail on the head there: what Bainbridge and Ribstein consider "socially responsible" differs from what you probably think. That's sort of the joke.

Posted by: Anthony | June 18, 2005 8:55 AM

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