Monday, October 25, 2010
Companies aren’t charities
The article states that the problem in the developing world is not how companies conduct themselves, but that there aren't enough of them. Consumers are demanding social justice as well as cheap prices and companies can not meet both standards. One argument is that companies should focus on profits and eventually there will be more of them to help pull developing nations out of poverty. However, I think that the rate at which we are producing is not sustainable and if we as consumers could make the commitment to supporting companies that do try to promote social justice as well as help nations develop by sacrificing some luxuries... I think that companies that work closer with the people, operate on a more local level have a greater impact to individuals anyway.
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1 comment:
Agreed. Effectively, we need a pro-poor approach to growth. While textbook growth will certainly help raise some people out of poverty, generally it has been proven to produce more inequality than overall wellbeing. While companies may not be charities, it is in their long term self interest to help create a middle class of consumers who will eventually be the ones demanding their goods and services.
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