I think investing in defense stocks is a terrible idea. Try gold or silver for physical delivery if you want a good deal with high return, low risk…Or invest in education—a great many people are going to need to upgrade their skills in this economic depression as they look for work. Buy a farm and grow some food—there’s always a big market for food when people are starving…Okay, so maybe it’s not the best financial advice. Given President Obama’s plan to escalate the war in Afghanistan, investing in the likes of Boeing and Lockheed Martin would probably yield a decent profit. But morally and spiritually speaking, Jim’s advice is, of course, spot on, and it could very well force an end to these wars.
Stop investing in the military. Withhold your support. Don’t send your children into the military. Stop investing in the death merchants. Sell your defense contractor stocks. Resolve never to buy them again.
Divestment worked for the civil rights movement in the 1960s. Americans stopped investing in companies that supported the Jim Crow system of racial discrimination. Companies got the picture, and stopped being racist, or went under.If you haven’t done so already, check out Jim’s new site, Divest from Death, where you’ll find information on the nation’s leading defense contractors, as well as alternative places to invest. And, of course, make sure to divest from death. Perhaps it won’t make a difference. I don’t know, I can’t predict the future. But we at least have to try.
Divestment worked for the anti-apartheid movement in the 1980s. Americans and people around the world stopped investing in South African companies, and in those doing business there. The South African government ended its racist policies.
Divestment works. So, stop investing in evil. You want fewer wars this century, stop investing in military contractor companies. You want fewer death camps this century, stop investing in companies that support the current authoritarian regime. Put your money where your philosophy is.