Chamber Defections

I largely agree with Josh Marshall’s take on the recent defections from the US Chamber of Commerce:

It’s still only a handful, of course. But it’s an interesting illustration of the different dynamics of the global warming issue than say health care or other regulatory policy issues or labor relations — particularly for companies in the energy field and those involved in mass consumer marketing.

It’s not hard for instance to understand why a company like Nike, which markets overwhelmingly to a younger demographic and to some degree is in the business of marketing cool, would not like to be associated with anti-climate change science extremism. Similar things could be said about Apple, which markets to generally wealthier, more educated and I suspect — though I don’t know this specifically — generally more progressive people.

There’s simply mass awareness and politicization on this issue in a way there’s not about most high stakes political questions. I also wonder whether some companies may not be sensitive to the impact on their reputation on an international trade, those doing a substantial amount of international trade. But the mass politicization and company’s sensitivity to domestic brand damage strikes me as the key takeaway for now.

But I do think it’s worth taking this further. The fundamental problem the Chamber of Commerce is going to have on this is that they’re really really wrong. Not like how they’re morally wrong about, say, labor rights or workplace safety rules. They’re analytically mistaken about the interests of the United States business community. If we take action to avert ecological catastrophe, economic growth will still happen. Capitalism will march on. Big companies will be big, and people will earn lots of money managing them. Yes, the present-day owners of coal companies or manufacturers specifically wedded to unusually energy-intensive processes will be in trouble. But “business” in a broad and general sense will keep on keeping on. People will still want gadgets and furniture, will shop at stores, will buy and sell, and generally keep being customers for business.

The real risk is being run by doing nothing. It’s doing nothing that might end the party, and lead to various kinds of nightmare scenarios. And over time, more and more firms are going to see that they have no particular stake in underpricing pollution. One maybe of the Chamber board is a guy from Anheuser-Busch. A serious climate bill’s not going to put him out of business. Nor, to just pick board affiliated companies whose lines of business I recognize, is it going to put State Farm Insurance or IBM or AT&T or Pfizer or Accenture out of business. But the executives at those companies and their kids and their customers are all going to face all the problems caused by untrammeled climate change. And why, genuinely, should a pharmaceutical company or a telecom company be fighting to stop people from stopping an ecological disaster? It genuinely doesn’t make sense.