Does the Objectivist invest with a conscience?
This is an ethics philosophy question that has been in my craw for a while. Let's say an Objectivist invests in equities to make money - of course. We'll call this investor, "Joe". Joe sees a company whose profits are growing, a manufacturer. He learns that the company makes a product, on government contract, that flies in the face of Objectivism. For the sake of argument let's say they make rail cars with shackles in them to transport citizens around. The government has a contract with this company to produce a few hundred of these cars and profits are way up. Joe knows that, eventually, these cars will probably be used to force people into situations they normally wouldn't go along with without the use of force. Should Joe invest in this company while the profits are growing and share prices are rising? What are your thoughts?
In the scenario you've set up an Objectivist, or anyone else would be as evil as the inventor if he invested in the company making such a product. It is possible to invest there if the use of the product is not known to him, although in this case it would be pretty unlikely. The usual excuse for such a buying practice as well as other horrors is, "it's nothing personal" which makes me want to shout, "Yes it is, you moron!"
Tell me, would you expect the same reactions if they manufactured guns?
Partial context - you are assuming they are to be used on citizens with no valid reason. If the contract stipulated prisoner transfer would that change your opinion?
So WHY are you (Joe) investing in Anything in the First Place?!
To support 'causes' you believe in? You'd never buy the stock in the first place. QED.
To make as much profit, dividends or capital gains so that you can Use Those Gains for Whatever You Want?... Well, look at the balance sheets of the Hitler Railroad Corp versus any and all other investments you could make. And choose accordingly.
Or some mix of the two?
Any "conclusion" that the One Way Or The Other is Right OR Wrong puts artificial limits on the individual's investing choices. And makes it a Moral Decision, and Moral Decisions don't tend to have rational bases...
Ok, ducking and running. Cheers, all...
What good or value is created by making money on something that will ultimately destroy that value or even future values to be had or created.
A similar example, for argument's sake, could be that municipal water suppliers are directed to lace all drinking water with Prozac. You, or any Objectivist, believes this is bad. However, the vast majority of people think it's a good idea. The government has shown many studies, in this case, indicating that this will make people happier. Do you buy stock in the company who makes Prozac while buying an RO water system for your family?
Thanks again.
.
do not think it is right for an Objectivist to invest
in totalitarian states. (I also do not think it would
have been right for American Northerners to buy
cotton picked from slave plantations in the days
before the Civil War; however, there may have
been a possibility that some cotton was picked
by free people--though unlikely).When I was in
the Naval Reserve, we were told that we might be
called up, that maybe the oil industry (or indus-
tries) would be nationalized; I said nothing at the
time,but thought that if that happened, I would
have no choice but to refuse, and then I guess
I would have been court-martialed. However, it
didn't happen.
In the current environment of special interests, my original example is quite relevant.
We have many people who do not appreciate the liberty they have and clamor for their own oppression - even voting it into office. Some do so believing that they will be pulled into the ranks of power by those they install in positions of authority. Some do so because they believe the lies they are told by the media - especially when those lies come with "free" stuff. Some do so because they do not want to be free and take responsibility for that freedom. Most simply can not fathom a world where what they have is gone and so do not see the slow, steady, progressive (pun intended) loss of freedoms.
There are so many worthwhile businesses to invest in. There's no need to invest in businesses you don't believe in.