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Finola Finlay's avatar

Congratulations, Fionn! And I am turning down my washing machine. :)

Lothar Luken's avatar

'Divestment hits them where it hurts.' Does it? You sell, someone else buys. Example: 2 years ago I suggested to friend in Germany to buy Rheinmetall shares. The joke: 'buy local' cos they're based in our city, Duesseldorf. The sad history: in WWII British bombers missed that factory and flattened part of a street, killing my granny's brother and his wife; my mother, then 20, found their corpses among those lined up on the pavement. The opportunity: make big profit by investing at the beginning of that new armament boom re Russia/Ukraine. We didn't - clean hands, clear conscience. The result: as my friend checked, we'd have almost doubled our money. The side effect: most likely some jingoist millionaire or a cool kraken fund raked in the dividends and share price rise instead. And so the war machine stayed well oiled and profitable - but we had less money to support our good causes. - I've pondered this re divesting from Israeli spy- and killing-tech companies and those based in the illegally occupied territories. There are enough pro-Israel billionaires to finance them anyway... Only effect would be publicity: when Norway or a big university pull out it makes the news. Otherwise it's just a feel good thing - like clicking an online petition and thinking: 'that hit them where it hurts'....

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