The new capitalists
This WaPo article is one of several that discusses a forthcoming hedge fund that plans to cash in on an anti-Coke boycott -- that is, drive the stock down through the boycott, then cover shorts.
Well, I suppose we capitalists should welcome the social responsibility crowd to our fold. But we should also issue a warning -- act like a business, get regulated by a business. In other words, you better watch what you say about Coke (which denies the boycotters' charges against it). And don't expect to get First Amendment protection -- after all, if you're "commercial," it's "commercial speech."
I expect to have more to say about all this later in this space and in a brief article I'm writing for the Washington Legal Foundation.
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