In theory if you could use any profits to make counter-investments or buy enough stock to be able to influence them to move in a different direction then your strategy might be viable, but unless you literally just buy 1 share to be able to harass them at stockholder meetings then in all likelihood your money is doing more harm than good.
Best to just straight up invest in organizations that are effective in stopping these things and influencing policy against them.
Sorry about the ugly comment you are receiving. Seems people on lemmy love to enforce the godwin’s law.
My opinion: be careful, all the anti immigration rhetoric is just ineffective gesticulation (like with the wall). A lot of nothing to please the racist population… and scare the illegal workers so they accept slave wage, thus enriching the owners of hotels, farms, restaurants… etc.
The prison wont gain much , or at least not as much as some traditional business
Yes lmao
Thought so. Just making sure.
Nope. Name a company or even an investment that isn’t evil. Would you want to invest in it? If you tried to avoid all of them it would be a very difficult life.
Yes
I would also ask yourself if this is beneficial at all.
Look at their historical prices. Investors have already bought into this.
If you think you see an opportunity go ahead and invest and don’t feel ashamed. Many of the Hispanic immigrant communities that will adversely be affected by mass deportation had high levels of Trump support.
I say fuck it and make a buck. May those who voted for Trump get exactly what they voted for.
I mean you’re straight up buying shares in plantations so yes.
“I’m not a Nazi”
Said the Nazi, investing in the German military. I’m a friend to the Jews! But I might as we’ll profit off of their incarceration and death, I mean, it’s happening anyway. It’s not like I could instead of thinking only for myself in this time possibly use some of this extra capital I happen to have available to invest and actually do some good with it, but nah.
“Would I be a bad person if I loaned the neighborhood pusher some money to re-up his fentanyl package?”
But the ROI is just too good!
Short answer: Yes
Long Answer: Good god, yes.
In effect, any gains you make will be blood money. Have fun with that.
I don’t think so - the stock market is extremely detached from fundraising in the modern world and if that company decided to fundraise it’ll mostly do so on the back of mutual funds and uni endowments.
I personally find divestment is a pretty ineffective personal action in terms of individuals.
You are benefitting from incarceration and forced labor
The stock market is so detached from reality that the impact you’re having is nearly nil. You’re much more directly supporting forced labor and incarceration when you buy a t-shirt, Chinese garlic, register your car, eat pretty much any fast food, enjoy chocolate, or do literally anything connected to Walmart.
My point in the comment above is that Divestment (outside of retail investment) has almost no impact. If you live in America you’re already evil as fuck and profiting from the misery of millions. The stocks you own are some of the least evil shit you’re doing.
If you live in America you’re already evil as fuck and profiting from the misery of millions.
Yeah
Regardless this is something you can vert easily not do. I can’t not pay my taxes, eat, drink, and consume energy very easily but I can very easily not profit off prison labor in this way.
Yes.
Investing to make money off of other’s suffering is never justified.
You may as well scream “FUCK YOU, GOT MINE” a little louder.
I don’t think it’s bad to profit from the US economy even though some of those profits would end up being by very evil means. At least in that way, you don’t really have a choice as the economy is very interconnected.
But in this scenario you do have a choice, there are plenty of ways to invest and make money without going out of your way to be extra evil.
