Professor Larry Locke (University of Mary Hardin-Baylor and LCC International University)
One of the more worrisome aspects of the modern concentration of resources in large corporations is that it often allows them to have societal impact beyond the capability of all but the wealthiest persons. Notwithstanding that disparity of power, much of modern ethical discourse remains focused on the rights and moral responsibilities of individuals, with relatively little analysis for evaluating and directing corporate behavior. Dr. Ted Lechterman, of the Oxford Institute for Ethics in AI, has identified this gap in modern ethics scholarship. At the 10 February, 2022, St. Cross Special Ethics Seminar, he stepped into the breach with some pioneering arguments on the ethics of corporate boycotts.
Individuals boycotting companies or products, as an act of moral protest, is widely regarded as a form of political speech. Individual boycotts represent a nonviolent means of influencing firms and may allow a person to express her conscience when she finds products, or the companies that produce them, to be ethically unacceptable. These same virtues may be associated with corporate boycotts but, while relatively rare compared to boycotts by individuals, corporate boycotts may also introduce a series of distinct ethical issues. Dr. Lechterman sampled a range of those issues at the St. Cross Seminar.
- As agents of their shareholders, should corporations engage in any activity beyond seeking to maximize profits for those shareholders?
- Do corporate boycotts represent a further arrogation of power by corporate management, with a concomitant loss of power for shareholders, employees, and other stakeholders of the firm?
- Because of their potential for outsized impact, due to their high level of resources, do corporate boycotts (particularly when directed at nations or municipalities) represent a challenge to democracy?
- Under what circumstances, if any, should corporations engage in boycotting?
Read More »Just War, Economics, and Corporate Boycotting: A Review of Dr. Ted Lechterman’s 2022 St. Cross Special Ethics Seminar