Home
/
RELIGION & LIBERTY ONLINE
/
Religious Activists Bully Companies with ‘Reputational Risk’
Religious Activists Bully Companies with ‘Reputational Risk’
Apr 22, 2025 1:17 AM

Back in the 1960s and ‘70s, those of us of a particular bent loved the word “freedom.” The word was featured in the lyrics of many popular songs of the era, and the case could be made that hippies were called freaks as a pun on their oft-chanted “free” mantra. Heck, there was even a band named Free, which captivated the zeitgeist with a classic song about a man angling for a little “free” love with a woman too savvy to succumb so easily.

Free speech also once was all the rage. Lenny Bruce and George Carlin’s infamous seven words and all that, am I right? So, what happened? When did the hippies, yippies, liberals and progressives transition from fetishizing all things related to freedom to checking under their beds every night for a missing Koch brother?

For me, the recent clampdown on freedom in political speech reared its ugly head with the 2002 McCain-Feingold Act. Also known as the Bipartisan Campaign Reform Act, the law subsequently was gutted by the U.S. Supreme Court’s 2012 Citizens United decision. Since then, bitter tears are shed daily by leftists bemoaning the outcast state of an America where political donors and corporations have a voice in the policies and candidates directly affecting their livelihoods and survival.

Even presumptive Democratic presidential nominee Hillary Clinton is getting in on the act. Clinton has promised to reveal her plan for campaign-finance reform, which may include championing a constitutional amendment to limit political spending. Yet, the Washington Post detects a tinge of hypocrisy in Clinton’s stated agenda:

When The Post asked about the role of Priorities USA Action, a pro-Clinton super PAC currently trying to raise hundreds of millions of dollars to help her campaign, Clinton shrugged her shoulders and said, “I don’t know.”

Then the candidate walked into Fuel Espresso, a coffee shop that advertises it sells “mom’s baked goods from scratch,” for a private meeting with supporters. Clinton’s campaign ad makers, including chief media strategist Jim Margolis and a crew of cameramen, followed her into the shop.

A simple overview of religious activists submitting proxy shareholder resolutions to panies over the past several years reveals what I consider an alarming backlash against freedom of political speech. For example, religious shareholders As You Sow link to an In These Times article written last month by Theo Anderson, in which the author begins:

These are strange days indeed for shareholder activism. By some measures it’s experiencing a surge. Progressive groups have used the strategy since the early1970s, but the past few years have seen an increase in its frequency, sophistication and success. In December, for example, the defense contractor Northrup Grumman announced that it would immediately end its membership in the American Legislative Exchange Council (ALEC), a key player in the push to privatize education and a purveyor of climate-change denial. The move came in response to a shareholder resolution filed by an activist group that owned stock in pany. More panies have withdrawn from ALEC over the past four years, many under shareholder pressure.

Note the quote from John Lennon in the first clause of the opening sentence (“strange days indeed” from the song “Nobody Told Me”), which tilts the reader toward the former Beatles’ hymn to utopianism, “Imagine” and other lefty enterprises. Note also the apocalyptic flavor of the descriptions of two ALEC initiatives. Is an effort to “privatize education” evil in itself? Likewise, describing ALEC as a “purveyor of climate-change denial” makes it sound as if they’re peddling child pornography (purveyor) and claiming the Nazi death camps were a hoax (denial). In other words, some cute phrasing and allusions deployed in the service of propaganda.

Anderson continues:

Conservatives have noted the tactic’s power and potential, and they are sounding the alarm. In a 2011 report on ‘Activist Investing in Post-Citizens United America,’ the right-wing Center for Competitive Politics warns that shareholder activists ‘see for-profit corporations as their political enemy, and seek partisan or ideological advantage by squelching corporate political speech.’…

But for all the reaction it provokes among conservatives, some progressives doubt the power of shareholder activism to deliver genuine structural changes. After all, it relies on pragmatism and ‘constructive engagement’ in dealing with corporations whose core mission progressives often oppose. And there are other limits to its appeal. It doesn’t have the visibility of mass marches and protests, and doesn’t usually achieve quick results.

Amazingly, Anderson presents no counter argument to the charge levied by CCP. Instead, he continues the “power of shareholder activism” narrative:

‘The power we have is the reputational risk,’ says Laura Berry, executive director of the Interfaith Center on Corporate Responsibility (ICCR), which engages with corporations to promote more sustainable and just practices. ICCR’s nearly 300 member organizations have both a moral and financial stake in corporate behavior. They consist mainly of religious institutions (such as the Fond du Lac nuns), but also include pension funds, socially responsible investment firms, unions and academic institutions. ‘Companies don’t like these issues being brought to the attention of all institutional shareholders,’ Berry says. ‘They will often agree to make change so that we will withdraw our proposal and it will not appear on the ballot. And that’s where you see the power of shareholder activism.’…

‘We’re not the kind of activists who are just here to make noise,’ says ICCR’s Berry. ‘And those activists are very important, let me say. But we are folks who do our homework and just plug away and plug away. … It’s not for everybody, but we think it’s an important tool in a multilateral approach to changing some of the world’s most intractable problems.’

Yes, because allowing corporations and individuals the freedom to avoid name-and-shame tactics when supporting causes progressives don’t like is certainly an “intractable problem.” More likely, the left is, as noted by CCP, simply attempting to squelch corporate political speech and shut down operations such as ALEC they don’t like. Similar to the Lothario in the Free song referenced above, it seems the left wants to trick us into believing stifling free political speech is “Alright Now.”

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Tim Scott’s response to Joe Biden’s address to Congress: 6 quotes
Sen. Tim Scott of South Carolina delivered the Republican response to President Joe Biden’s address to a joint session of Congress. Scott’s well-received address traversed the full ground of faith, virtue, and economics – openly declaring that ing a Christian transformed my life,” hailing the “the most inclusive economy in my lifetime” under the Trump administration, and stating boldly that “America is not a racist country.” Here are six memorable quotations: 1. America is not a racist country: Hear me...
Explainer: the ‘global minimum tax’
Treasury Secretary Janet Yellen has said she plans to impose a global minimum tax on U.S. corporations, which she will coordinate with global leaders to stop “a destructive, global race to the bottom.” How will this work; what will it do to petitiveness; and is it constitutional? Here are the facts you need to know. What is a global minimum tax? A global minimum tax would see wealthy nations agree not to lower their tax rates on corporations that are...
The 3 things you need to make ‘socialism’ work
Occasionally, our antagonists think they have discovered the silver bullet argument in favor of “Christian socialism.” One such apology recently came into my inbox. In its entirety, it read: Acts Chapters 4 and 5 Tell of The Holy Spirits Work with The Apostles to Establish SOCIALISM for The Christian Church…What further proof is needed ??? Recourse to the exceptional model of charity practiced by the early munity in Acts 4:31-35 is as perpetual as it is erroneous. As I’ve noted...
Bishops: The Equality Act will destroy Christians’ careers
The bishops of the world’s oldest Christian church have condemned the proposed “Equality Act” – not just based on its threat to religious liberty – but also the danger it poses to Christians’ ability to make a living. The “Equality Act” could bar faithful Christians from serving their fellow citizens and improving the lives of people from all sexual orientations. The foundations of the Eastern Orthodox Church stretch back to apostolic times. In this country, the jurisdictions coordinate their work...
The fallacy of capitalism’s ‘race to the bottom’
The Biden administration proposes a global minimum tax on corporations to end the “global race to the bottom.” Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty. The myth of the “race to the bottom” is among the multitudes of errors, distortions, and outright lies of the 1619 Project but has escaped notice, because so few recognize...
The free market vs. the ‘Really Really Free Market’
Recently in Grand Rapids an old idea served as a catalyst for a munity event, the “Really Really Free Market.” This “market” was open to guests where they are free to give and take a range of goods provided munity members and organizations free of charge: Organizer MC Camp said munity-building event feels too good to be true to many, but represents local generosity. They encouraged people to ditch the idea of considering the event “charity” and focus more on...
The economics behind the COVID-19 baby bust
At the beginning of the COVID-19 pandemic, some academics predicted a “baby boom,” as couples found themselves locked down with nothing to do. But those familiar with economics knew differently – and the data have now backed us up. The coronavirus “baby boom” has turned into a “baby bust.” The CDC reported that U.S. births in the month of December 2020, nine months after the lockdowns began, fell by pared with December 2019. The same pattern is seen in state-by-state...
Foreign aid pays for Muslim imams to preach the government’s message
All government spending contains items that could best be described as “surreal.” In that category, a Western foreign aid program paid researchers to insert material into the sermons of Muslim imams. The UK allocated £795,463 in taxpayer funds ($1.1 million U.S.) for imams to preach about the dangers of second-hand smoke. Researchers gave anti-smoking talking points to the Islamic religious leaders of 45 mosques in the Mirpur area of Dhaka, Bangladesh, in the hopes of reducing indoor smoking. “These messages...
Kingdom economics: Work and trade as gift-giving
When reflecting on our economic action,we tend to be overly focused on one side of the exchange: our own benefit, our own profit, our own “piece of the pie.” Our consumer-centered culture happily affirms such an emphasis, routinely promoting a zero-sum vision of the economy and self-centered attitudes about vocation, daily work, and economic exchange. But when we take a step back, we see that our economic interactions also represent real relationships, each offering unique opportunities for love, service, generosity,...
‘More Work, Fewer Babies’: The future of family in an age of ‘workism’
Birth rates are in free fall across the Western world, spurred along by plex web of factors, from increases in economic prosperity and egalitarianism to declines in religiosity to idols of choice and convenience. Whatever the reasons, family has taken a back seat in the hearts and minds of many. “Most of today’s Americans believe that educational and economic plishments are extremely important milestones of adulthood,” according to a recent study by the U.S. Census Bureau. “In contrast, marriage and...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved