5 thoughts on “Corporate social responsibility strategy threatens entrepreneurship and innovation”

  1. Posted 17/08/2012 at 14:03 | Permalink

    Fine – but we should remember that existing market players often lobby for such initiatives as a means to protect themselves from new entrants by errecting barriers to entry. This is an important point to stress, but too often missed in the public debate when people pop up and say ‘oh but so-and-so big corporation argue for this too, so it must be right’, forgetting that that corporation has a vested interest in regulation and regulators are often ex employees of such large corporations. This is how we arrived at our current corporatist economy. The EU often does act against innovation and entrepreneurialism but it does so in often collusion with businesses, not purely against them as this article suggests.

  2. Posted 17/08/2012 at 14:56 | Permalink

    An excellent article. CSR has been described as the ‘Trojan Horse of Socialism’ with some justification. The story of how and why major businesses worldwide enthusiastically embraced this left-wing anti-business philosophy would surely fill a book. Campaign for Merit in Business is currently focusing on one manifestation of CSR, the innocuous-sounding ‘improved gender diversity in the boardroom’ initiative. The initiative is enthusuastically sposored by the Conservative-led coalition in the UK – prime minister David Cameron is a notable supporter, as is the business secretary, Vince Cable – but there’s also a European dimension: EC threats of legislated quotas for women on boards. I thought readers of your IEA article might also be interested in your article concerning Commissoner Viviane Reding’s use of opinion polls:


    Mike Buchanan

  3. Posted 17/08/2012 at 16:12 | Permalink

    It seems that the focus of this article is on the EU and not CSR. Diversity in the boardroom is one little thread in a tapestry of responsible opportunities. CSR isn’t a loophole for preventing creativity, it’s a philosophy that large corporations should take responsibility in every aspect of their business. Ensure their supply chain isn’t abusing the workers, reduce their impact on the environment, and support their local communities. Simply because there are rules stipulating what qualifies as CSR, doesn’t mean they meant to bind the company. They’re there to guide responsible companies – not interfere.

  4. Posted 17/08/2012 at 19:49 | Permalink

    GabeChesman – if they are guidelines then why legislate? If it is a philosophy, we don’t need laws to enforce it, with the effects I outline above

  5. Posted 21/08/2012 at 10:29 | Permalink

    A totalitarnarian state starts by saying they are only guidelines but then they ramp up the propaganda and “guidelines” become mainstream and then law. To ensure enforcement shaming tactics are often used to enforce social engineering policies on an “or else basis” as is being done with the Gender diversity in the boardroom edict.The EU is the most undemocratic organisation in the world accountable to no one and continues to foister on Europe social engineering policies that are ideological and marxist in origin. The EU accounts for years have still to be been signed off by auditors but why is no one asking probing questions and witholding individual state funds until they sort it out?. if the EU was a private sector organisation criminal charges would be brought…………I wonder why they are continuing to get away with this?.

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