Will Smith & Wesson Buckle To This Pressure?
NYT:
In the early 1880s, legend has it that Daniel B. Wesson, a co-founder of Smith & Wesson, the gun manufacturer, heard about a child who injured himself by cocking the hammer and pulling the trigger of one of his firm’s revolvers. Wesson, known as D. B., was so distraught about the accident that he and his son, Joseph, developed a more child-safe revolver that they called the .38 Safety Hammerless.
Wesson was also my great-great-great-grandfather. Though it has been half a century since my family was involved with Smith & Wesson, I feel a twinge of responsibility every time a mass shooting occurs. I realize this is not entirely rational: I play no part in making or selling firearms and have never lost anyone close to me from gun violence. But it still haunts me.
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It is only fair for me, for all of us, to demand that our gun manufacturers become leaders in this national discussion around gun violence. They create products designed to kill human beings. The responsibility that must accompany the creation of weapons like an AR-15 is too large to be brushed aside by shouting about freedom and an amendment to our Constitution ratified in 1791.
Yes, the company and other gun makers have taken some steps in calling for better enforcement of the national background check system and sponsoring firearm safety programs. But they can do so much more.
I would start by asking the parent company of Smith & Wesson, American Outdoor Brands Corporation, to push for gun-violence research. Since 1996 the federal Centers for Disease Control and Prevention has been severely restricted in researching gun violence. If gun manufacturers are truly responsible organizations, they should wholeheartedly want to back this research as a public health concern. Dr. Thomas Frieden, director of the C.D.C. from 2009 to 2017, asked Congress repeatedly to fund research in gun-violence prevention but never succeeded.
In response to recent questions from BlackRock, an investment firm that owns the largest share of American Outdoor Brands, the gun maker’s president, James Debney, and chairman, Barry M. Monheit, said, “We must collectively have the courage to ensure any actions are guided by data, by facts and by what will actually make us safer.” Sounds like Mr. Debney, Mr. Monheit and Dr. Frieden are on the same page, so let’s see Smith & Wesson lead the charge in renewing gun-violence research by the C.D.C.
I would also ask that the company publicly endorse the Brady Campaign’s Gun Dealer Code of Conduct. It should support requiring universal background checks and a national registry for tracking its products, and indeed all firearms.
To the author, Eliza Sydnor Romm, I would say that it’s not that it doesn’t sound entirely rational to feel responsibility for the criminal behavior of others, I’d say that it’s so irrational it makes you seem like an imbecile and a dolt. It would be no different than feeling responsibility for hit and run accidents perpetrated by drivers of Ford trucks, and then trying to tell Ford how to design and build trucks because of that. If that sounds stupid, it’s because it is.
As for Smith & Wesson, I don’t know much about the parent company of American Outdoor Brands, but I have heard fairly bad things about Black Rock.
BlackRock announced new products for clients looking to avoid investing in companies that make or sell firearms for civilian use, a significant step for the world’s largest asset manager as Wall Street comes under pressure to take a stance in America’s gun debate.
“As it has for many people, the recent tragedy in Florida has driven home for BlackRock the terrible toll from gun violence in America,” it said in a statement in March. “It has put a spotlight on the role of companies that manufacture and distribute civilian firearms. Some of the largest manufacturers and retailers are held in the portfolios of millions of individual and institutional investors around the world.”
On Thursday, BlackRock said it had created new exchange-traded funds and products for pensions and retirement plans that screen for companies that make or sell firearms. BlackRock is also shifting the indexes of existing exchange-traded funds focused on socially responsible investments to avoid gunmakers and sellers.
Back to Smith & Wesson, such moves as the author describes would mean certain, sure and almost immediate death in the market place as gun buyers turned their backs on the company and their workers fled for greener pastures with Ruger or other companies. Perhaps the Performance Shop at Smith & Wesson could relocate South like so many other gun makers and start up shop in a friendlier climate.
And perhaps busting up one of the leading manufacturers of firearms is the purpose of pressure like this. What will Smith & Wesson do with an owner who doesn’t like their products?
