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What campus protesters get wrong about divestment
- ioblomov 2y agohttps://archive.ph/2024.05.02-111006/https://www.economist.com/finance-and-economics/2024/05/02/what-campus-protesters-get-wrong-about-divestment https://archive.ph/2024.05.02-111006/https://www.economist.c...
- oldpersonintx 2y ago[dead]
- deleted 2y ago[deleted]
- eesmith 2y agoSo in the 19870s and 1980s people shouldn't have called for divestment from South Africa? Since I think just about all the reasons listed here were equally true then. Like this Economist link says "This is made less likely by the perplexing demands of protesters. They have run into a problem: university endowments hold vanishingly few shares in Israeli firms. So the focus has shifted to companies doing business in Israel." Why is that perplexing? The anti-apartheid activists did the same thing. Quoting https://en.wikipedia.org/wiki/Disinvestment_from_South_Africa https://en.wikipedia.org/wiki/Disinvestment_from_South_Afric... : "Besides advocating that institutional investors withdraw any direct investments in South Africa-based companies, anti-apartheid activists also lobbied for the divestment from all US-based companies having South African interests that had not yet adopted the Sullivan Principles. Institutional investors such as public pension funds were the most susceptible to these lobbying efforts." And yes, the Wikipedia page also lists reasons given for not supporting divestment.