Tuesday 22 November 2011

Ethical Consumer

Ethical Consumer

For Ethical Consumer, boycotts offer campaign groups and/or individuals the chance to exert economic pressure on companies. They are particularly appropriate when governments are unwilling or unable to introduce reforms. We see them as a vitally important extension of our formal democracy.

The economic clout of boycotts shouldn't be underestimated. In 2011 a boycott of the state of Arizona in the US cost its economy a massive $141 million dollars in just seven months after it past controversial immigration laws.

And there are more people boycotting products than you might think. Research carried out by the Co-operative bank in 2007 put the value of UK boycotts at around £2,500million - food and drink boycotts were valued at £1,144m, travel boycotts £817m, and clothing boycotts £338m.

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