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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
Originally Posted by Willravel
According to you, that's my choice:
This seems clear, though you seem certain that selling stocks in an unethical company automatically means an opportunity cost. That's really not necessarily the case. When and if there is a serious shift in government, Haliburton could find itself not just in financial trouble, but legal trouble as well. At that point, the stocks will sell low and all of those people who chose your supposed gains over ethics will be SOL.
It's not tossing out the baby with the bathwater, though. It's tossing out theoretical gains with the bathwater (or blackwater, nyuk nyuk), and it's doing so in order to make the world a better place. For some people, myself included, that's a different kind of investment. It's just as theoretical, but it's something I'm happy with.
This is a strawman. I never said anything about "nothing". All I said was that one should bear ethics in mind and not just be profit-centric in their economic decision making. I stand by that.
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The shift doesn't happen in a vaccum, it doesn't just happen in a 24 hour period. Hey, maybe in the revolution right? If it did, then you'd see a sharp cliff in the link that I posted for their trading value.
But see, that's the best part about this captialism, if any investor is smart, they pay attention to the news, they pay attention to what happens in the world. And that's when they divest their holdings and move onto a better opportunity.
Simply you don't like the fact that there's winners and losers. Winners and losers. In order for there to be some profit, someone has to have a loss.
Maybe the stock market can be just like the rest of the pussification and we just give increases because then no one's feelings gets hurt. You know, like particiapatory sports where everyone gets a trophy and no one is a loser.
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