March 4, 2018

THE WISDOM OF THE MARKET:

On Guns, Companies Are Getting Out Ahead of the Politicians (Alexandra Olson, 3/03/18, Associated Press)

In 1960, black students staged sit-ins that forced Woolworth's to desegregate its lunch counters, and other stores and restaurants followed suit. In 1986, General Motors, Coca-Cola and dozens of other U.S. corporations pulled out of apartheid-era South Africa after years of pressure from activists, college students and investors.

This week, four major retailers slapped restrictions on gun sales that are stronger than federal law.

Those are all rare examples of American companies getting out ahead of the politicians and the law on socially explosive issues. Such decisions are almost always made reluctantly, under huge pressure and with an eye toward minimizing the effect on the bottom line. [...]

Those actions amounted to an act of defiance against the NRA and its allies in Washington who have vehemently opposed any ban on AR-15s and other semi-automatic weapons or a higher age limit for gun purchases.

"What we are seeing is a real shift," said Mimi Chakravorti, executive director of strategy at the brand consulting firm Landor. "I think right now, companies are acting ahead of the government because they are seeing that the changes are too slow."

Posted by at March 4, 2018 7:29 AM

  

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