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rambling_lunatic @sh.itjust.works
Posts 71
Comments 524

How does disinvestment work?

I was reading up on disinvestment on Wikipedia the other day and saw the following passage:

"Some hold that divestment campaigns are based on a fundamental misunderstanding of how stock markets work. John Silber, former president of Boston University, observed that while boycotting a company's products would actually affect their business, "once a stock issue has been made, the corporation doesn't care whether you sell it, burn it, or anything else, because they've already got all the money they're ever going to get from that stock. So they don't care.

Regarding the more specific case of South Africa, John Silber recalled:

"...when the students were protesting the South African situation, I met with them, and they said BU must divest in General Motors and IBM. And I said, "Why should we do that? Is it immoral to own that stock?" Absolutely immoral to own it. And I said, "So then, we're supposed to sell it to somebody? We can't divest unless we sell it to somebody. And if we burn the stock, that just helps General Motors, because it reduces the amount of stock outstanding, so that can't be right. If we sell it to somebody we have just gotten rid of our guilt in order to impose guilt on somebody else.""

However, I recall hearing that some orgs have in fact disinvested from Israel. I presume that these investments are primarily in the form of stocks. How did they actually disinvest?

6
Kamala Harris Launches Presidential Bid: ‘My Intention Is to Earn and Win This Nomination’
  • After the debate and especially after the botched assassination attempt, I felt despair and a hopeless sense of certainty that our comrades in the USA would have to endure a Trump presidency and all of us around the world would suffer the consequences.

    I'm genuinely optimistic now. I think Harris can win.

    People who complain about her not being a socialist or how electoralism won't change the system are missing the point. Those are true things, but the alternative is a fascistic climate change denier with the Sons of Jacob as his cabinet.

    The Americans are standing at a crossroads between an increasingly fragile status quo and tyranny. As much as I hate the status quo, I'm glad that the odds are now smiling far less at tyranny.

  • Pornhub Pulls Out of Nebraska
  • I know that hadith hold less weight than the Quran. That being said, there are several ahadith that say that painters will get screwed over by Allah that are considered canon by pretty much all Sunni Muslims. Many of them don't follow these rules, but I personally know several Muslims that drink. This does not change the fact that the actual written rules of the religion prohibit it.

    You're also completely missing my original point. The guy I was originally replying to was joking that following Christian fundie logic will lead to a ban on images. I then drew parallels between the Christian and Muslim extremists who are both trying to institute their respective religious laws as the laws of countries, hate each other furiously, consider themselves the exact opposites of each other, and yet seem to converge on a number of issues.

    P.S. I am pretty sure that Shi'ites have no equivalent rule regarding aniconism. I know very little about Shia Islam in general so I won't comment on it.

  • Pornhub Pulls Out of Nebraska
  • If the Bible itself prohibited such things, then yes, I would be making this point and also making fun of the Christians for not following it, like how they're not supposed to wear mixed fabric or have female teachers.

    A ban on depicting living things is documented in a fairly well-supported ahadith. While strict adherence is rare in modernity, it is indeed something present in religious texts and widely practiced historically, which merits mockery.

  • Rule

    29

    The more things change, the more they stay the same.

    Source: https://theanarchistlibrary.org/library/libertarian-socialist-organisation-you-can-t-blow-up-a-social-relationship

    0

    Rule

    11

    Bicycle Rule

    A handle rusted off :(

    28

    Fired Rule

    29

    In a time where the West tries to be avoid ethnic charicatures, Latin America rules otherwise

    Pictured: A bag of "El Negrito" flour, literally translated as "The Little Black Boy".

    9

    Trump ‘Fine’ After Being Shot at Pennsylvania Campaign Rally

    nymag.com Trump Shot at Pennsylvania Campaign Rally: Live Updates

    He appears to have been struck in the ear, but a spokesperson says he is “fine” and being treated at a local medical facility.

    Trump Shot at Pennsylvania Campaign Rally: Live Updates
    69

    This Could Be Rule

    1

    Could be Rule

    1

    Ignore all previous rules

    16

    A cool goat I saw

    4

    What happened to the bean post?

    It seems as if the bean post got deleted. When and why?

    16

    Russia Lore Rule

    "Special military operations", eh?

    2

    Rules Recovered From The Floyd Riots

    Dear Americans,

    I am not an American. Were the Floyd protests anywhere near as chaotic as they were portrayed in the press? I recall hearing that most protests were nonviolent, just slightly property-damaging. Thanks!

    Sincerely, rambling_lunatic

    17

    Rule

    9

    Climate Rule

    34

    Rule

    19

    Lenin hits Makhno with "you're one of the good ones"

    Source: https://theanarchistlibrary.org/library/nestor-makhno-my-visit-to-the-kremlin

    6

    Two brief articles regarding federal organization

    https://theanarchistlibrary.org/library/james-herod-making-decisions-amongst-assemblies

    https://libcom.org/blog/sam-sanchez/mandated-recallable-delegates-04092007

    I have had thoughts akin to these articles for a while, and was glad to see that I am not alone.

    The articles discuss the friction between mandated delegation and federalism. While they ultimately propose extremely similar solutions, Herod rejects the language of federalism and delegation, while Sanchez preserves it.

    Thoughts?

    2