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Is it moral for an Objectivist to invest in gun manufacturer stocks?

Posted by $ jbrenner 7 years, 9 months ago to Philosophy
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A week or two ago I asked whether or not I was too late to invest in the stocks of gun manufacturers, some of which were up 70 or 80% in 2015. I probably am too late to profit from such an investment.

When I think of guns, I think of my own self-defense. However, if I invest in gun manufacturer stock prices going up as a result of the increasing chaos brought on by the looter/moocher cabal, am I violating the Objectivist principle regarding initiation of the use of force? Am I supporting statist thugs? I want to be non-contradictory about this, and yet profit immensely by my support of the 2nd Amendment.
SOURCE URL: http://www.cnbc.com/2016/06/13/smith-wesson-sturm-ruger-stock-prices-rise-after-orlando-massacre.html


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  • Posted by $ 7 years, 9 months ago
    Thank you for helping me out with this choice. Guns are tools. I guess part of my concern is over the weapons a company would produce that are not for personal defense. Often those are produced to meet government contracts, in which case I would want to be careful to avoid contradiction.
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    • Posted by $ MichaelAarethun 7 years, 9 months ago
      It really doesn't matter to us. In objectivism the thrid is apply your own morals and ethics. Not ours. The only that counts is you. No one to forgive you. No one to applaud. no one to absolve. Just you.

      As for me guns are tools for several purposes. Self Defense, The need for food. And when you realize the best defense is a good offense for attacking - who ever provoked you. They tools of the weapons category first and uses like target shooting are to hone skills nothing more and nothing less. There is a false premise in your initial theory. See if you can find it. There is a premise in my statement as well. But given the 'nature' of weapons and that includes baseball bats it's lions, and tigers and people that think only certain lives matter. Oh my? What is the first thing you think of when you see a red tie? Nice target http://marker.It's a sign of stupidity. And a blue tie? The enemy. Either one in a group? Target rich environment.

      That's my moral values at work not yours.

      As Sylvester so eloquently stated. They drew first blood. That doesn't mean i ihave to draw blood. It does mean it's open season.

      I had to take a later bus so what the hell....why not join in for a bit.
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      • Posted by $ 7 years, 9 months ago
        You probably think that the logical fallacy revolves around the idea that any weapon can be used for self-defense. I will not argue with you there, but are there any weapons manufacturers that sell exclusively to private citizens?
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        • Posted by DrZarkov99 7 years, 9 months ago
          To the best of my recollection, none of the American firearms manufacturers deliberately exclude sales to government personnel. There are some, like Hi-Point (Ohio manufacturer of reliable low cost guns) that don't bid on military or law enforcement contracts because of the excessive overhead cost involved, but they don't monitor to deny individual sales to government personnel.
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          • Posted by scojohnson 7 years, 9 months ago
            I like my HP carbine, but their handguns are awful , they don't bid because they are non-competitive. The carbine just doesn't have enough takedown power, only uses a handgun round.
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            • Posted by DrZarkov99 7 years, 9 months ago
              With respect to the carbine (and all the pistol ammo carbines have the knockdown issue you reference), I'd be curious to see how it would do with the Liberty Civil Defense ammo. Out of a 4" pistol barrel the 45 ACP round sends a 78 grain slug downrange at 2100 fps, so I'd guess the carbine barrel would add a couple hundred fps to that, which is a respectable amount of energy on target.
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            • Posted by DrZarkov99 7 years, 9 months ago
              I agree the HP handguns are ugly as hell, too bulky for concealment, and look even worse when you disassemble them for cleaning. Their grips are too slick for easy handling, and the magazines give the gun the appearance of a cordless drill.

              However, the HP guns have a reputation for being one of the most dependable firearms on the market. No matter what you feed them, they reliably put rounds downrange, with respectable self defense range accuracy. The company has an unconditional warranty, repairing or replacing a malfunctioning gun, even for a secondary buyer.
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        • Posted by Technocracy 7 years, 9 months ago
          If there are, they would likely be small manufacturers unable to support the volumes the military/governmental supply chain is looking for.

          Even the large manufacturers have trouble with maintaining production for wartime volumes. For example Colt subcontracting out M-16 production under their prime contract.

          Edited to add the second paragraph and example.
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  • Posted by LibertyBelle 7 years, 9 months ago
    It is not only moral for an Objectivist to invest in
    the stocks of gun manufacturers, it is also moral
    for an Objectivist to manufacture guns himself. And sell them. What kind of crazy question is this? So people might misuse the guns? Well, people might misuse kitchen knives. And people might misuse food. Somebody might
    take a legitimate food product and sneak it into
    the food supply of a person allergic to that food.
    And people might misuse electronic appliances
    and make a bomb. Come on!
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  • Posted by $ 7 years, 9 months ago
    Many people in their responses to the question regarding investing in gun manufacturers have oversimplified this into "A gun is just a tool." Of course, a gun is just a tool, but investing in any particular gun manufacturer (or any other company) is a more complicated matter. For instance, I had no idea until I started this investigation that Samuel Colt was a crony capitalist of the highest order.

    Please read
    http://finance.townhall.com/columnist...
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  • Posted by evlwhtguy 7 years, 9 months ago
    "Morality" arguments are usually utilized by the looters to get you to do things that are in conflict with your interests. They all tend to revolve around "Self Sacrifice" of some sort. So the answer is....form an objectivist standpoint, morality does not come in to the picture.
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