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Divestment pushed South Africa to abolish apartheid.
by OBLIQUE_PILLAR 7y ago
Divestment pushed South Africa to abolish apartheid.
- armenarmen 7y agoYeah, but countries != companies. Divesting from SA meant smaller tax base, fewer jobs and a fall from international prominence. Divesting from a company/industry means that the stock price may fall. Assuming that the actual profitability of the company remains unchanged all divesting did was make the stock a better buy.
- dr_dshiv 7y agoWhy wouldn't SA companies simply become a better buy?
- ineedasername 7y agoBecause people actually stopped buying the products along with not investing in companies. The equivalent with fossil fuel investment would be that people actually stop using fossil fuels, which isn't what happens with divestment.