Am I a bad person if (as left as they come) I invest in American Private Prison contractors on the assumption that Trump will go through with his deportation scheme at least to some extent?
Am I a bad person if (as left as they come) I invest in American Private Prison contractors on the assumption that Trump will go through with his deportation scheme at least to some extent?
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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 very 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.
I think that's a fair statement and if you find that line a reasonable one to draw I support you drawing it. Objectively, though, I think the harm we cause through consuming goods manufactured through forced labor is much more impactful.
So is every other American.