Posts tagged with: corporation

Blog author: jcarter
posted by on Wednesday, September 18, 2013

When business corporations are created, the community does not give something away, says Robert G. Kennedy in this week’s Acton Commentary. Instead, in order to pursue the economic benefits offered by the corporate structure, the community offers something in exchange.

The full text of his essay follows. Subscribe to the free, weekly Acton News & Commentary and other publications here.
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“Is there a religious way to pump gas, sell groceries, or advertise for a craft store?”

In a new paper, “God and the Profits: Is There Religious Liberty for Money-Makers?,” Mark Rienzi asks the question. (HT)

Rienzi, an assistant professor at the Columbus School of Law at The Catholic University of America, writes in direct response to the federal government’s HHS contraception mandate, focusing on the religious liberty challenges faced by for-profit companies. As Rienzi argues, imposing such penalties requires “singling out religion for disfavored treatment in ways forbidden by the Free Exercise Clause and federal law.”

From the abstract:

Litigation over the HHS contraceptive mandate has raised the question whether a for-profit business and its owner can engage in religious exercise under federal law. The federal government has argued, and some courts have found, that the activities of a profit-making business are ineligible for religious freedom protection.

This article offers a comprehensive look at the relationship between profit-making and religious liberty, arguing that the act of earning money does not preclude profit-making businesses and their owners from engaging in protected religious exercise.

Many religions impose, and at least some businesses follow, religious requirements for the conduct of profit-making businesses. Thus businesses can be observed to engage in actions that are obviously motivated by religious beliefs: from preparing food according to ancient Jewish religious laws, to seeking out loans that comply with Islamic legal requirements, to encouraging people to “know Jesus Christ as Lord and Savior.” These actions easily qualify as exercises of religion. (more…)

Mr. Fred L. Smith, Jr – Clicking this link will open a new window with a video player.

Last week, Marc posted audio from the Fred Smith’s presentation at the 2007 Acton Lecture Series. Mr. Smith, president and founder of the Competitive Enterprise Institute, spoke about Corporate Social Responsibility and the dangers associated with the socialization of the corporation. Video of this event is now available online and for download. You can watch it online, (a new window with a Flash video player will open), you can download the file via Acton’s podcast, or download directly as an MP4 file (60Mb). Enjoy our video goodness!

Why do so many clergy and religious activists reflexively attack the free market? Kishore Jayabalan takes a look at recent anti-business campaigns. “The very concepts of business and profit motive are often reason enough for religious leaders to condemn an activity as immoral and unethical, and criticisms of multinational corporations are just the same condemnations on a larger scale,” he writes.

However, large multinational corporations are one of the most able and efficient means of improving the economies of developing nations. Multinational corporations fight government corruption, establish banking and legal services, help to ensure basic eduation and are proven to raise the standard of living in the nations that they “invade.”

Read the commentary here.