Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Cafe Hayek (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Putting Stock in Competition

% of readers think this story is Fact. Add your two cents.


(Don Boudreaux)

Tweet

Here’s a letter to the Wall Street Journal

Editor:

A satisfying, if sad, irony lurks in Nasdaq’s decision to require companies listed on its exchange to have at least one female board member, plus one from an underrepresented minority (“Nasdaq Proposes Board-Diversity Rule for Listed Companies,” Dec. 1).

Bigoted companies that allow their attitudes toward people’s genitalia, sexual preferences, or ethnicity to skew their business decisions are eventually out-competed by companies that ignore such superficial and economically irrelevant facts. This reality is a happy one. And so as long as Nasdaq’s competitors – exchanges such as the NYSE and the Chicago Stock Exchange – resist the bigotry of wokeness to which Nasdaq has succumbed, Nasdaq’s insistence on skewing its business decisions with considerations of irrelevant criteria such as people’ genitalia, sexual preferences, and ethnicity will ensure that more enlightened and capable exchanges gain market share as Nasdaq deservedly loses it.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA  22030



Source: https://cafehayek.com/2020/12/putting-stock-in-competition.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.