宿务亚典耀圣心学校

SACRED HEART SCHOOL – ATENEO de CEBU

H. Abellana St., Canduman, Mandaue City
SENIOR HIGH SCHOOL
School Year 2020 -2021

Class No. 23 Date January 25, 2021

Name Thessa Monica Abellana Subject Catholic Social Teachings
Grade and Section Grade 12 – Amare Subject Teacher Bro Eugene Leaño

Financial Market

After going through the module, I realized how little the impact of our actions truly is. If
our right actions make no effect, are they truly good actions?

Big companies worldwide are maximizing most of the world's resources for the benefit of
their revenue. As consumers, we should be the ones responsible for making sure these companies
are accountable for their actions.

One immediate solution that can be done to combat their actions is through boycotts.
Boycotts happen when many people avoid buying products from producers that do not align with
their ethics. With the presence of social media, this practice is made easier and more effective.
Now, people from any part of the world can be educated on unethical practices and participate in
taking down huge conglomerates. Though revenue is not affected nearly as much, the company's
reputation is at stake – like when more than 1,000 advertisers pulled out of Facebook after a boycott
announcement (Hsu & Lutz, 2020).

When companies get hard-headed, consumer and employee protests may be necessary.
Consumers need to get support from the inside to infiltrate the system itself properly. These
protests can include standing outside branches of companies, writing open letters addressed to
CEOs, and leaking information about malpractice to the internet. This is a much harder attack, but
one that should remain non-violent to be effective. A constant example of this is Amazon's
employees taking action against the company's climate failures, with 8,700 writing letters to Bezos
and 340 of them rallying outside their office (Paul, 2020).

It is our duty as consumers to be responsible and to keep companies accountable, too. It is

our duty not for ourselves but for the earth, we live in and call home.
REFERENCES:

Hsu, T., & Lutz, E. (2020, August 1). More than 1,000 companies boycotted facebook. Did it

work? The New York Times. https://www.nytimes.com/2020/08/01/business/media/

facebook-boycott.html

Kari, P. (2020, January 28). Hundreds of workers defy Amazon rules to protest company’s

climate failures. The Guardian. https://www.theguardian.com/technology/2020/jan/27/

amazon-workers-climate-protest