You’ll probably be disappointed. It’s a coin flip if they even decide to hand contracts to publicly traded companies vs handing contracts to private companies (and getting their backs scratched in the process) and since everyone and their brother is thinking the same thing you are, you’re already paying a ridiculously huge premium, which would eat into any profit.
Look at $GEO, popped like 100 fucking percent in the 2 weeks from November 5 to November 29, just doubled overnight. Seriously doubled on news of Trump winning.
Soooooooo you buy now and sell the news? They’re selling the news right now, to you, a bagholder.
FWIW I have a GED, 2 houses, and a dozen corporate finance textbooks, and I wouldn’t even buy puts on prison stocks because the IV is fucking nuts.
You’re gonna get mauled, kid
“I’m not a Nazi”
Said the Nazi, investing in the German military. I’m a friend to the Jews! But I might as we’ll profit off of their incarceration and death, I mean, it’s happening anyway. It’s not like I could instead of thinking only for myself in this time possibly use some of this extra capital I happen to have available to invest and actually do some good with it, but nah.
I mean you’re straight up buying shares in plantations so yes.
I don’t think so - the stock market is extremely detached from fundraising in the modern world and if that company decided to fundraise it’ll mostly do so on the back of mutual funds and uni endowments.
I personally find divestment is a pretty ineffective personal action in terms of individuals.
You are benefitting from incarceration and forced labor
The stock market is so detached from reality that the impact you’re having is nearly nil. You’re much more directly supporting forced labor and incarceration when you buy a t-shirt, Chinese garlic, register your car, eat pretty much any fast food, enjoy chocolate, or do literally anything connected to Walmart.
My point in the comment above is that Divestment (outside of retail investment) has almost no impact. If you live in America you’re already evil as fuck and profiting from the misery of millions. The stocks you own are some of the least evil shit you’re doing.
If you live in America you’re already evil as fuck and profiting from the misery of millions.
Yeah
Regardless this is something you can vert easily not do. I can’t not pay my taxes, eat, drink, and consume energy very easily but I can very easily not profit off prison labor in this way.
I say who the fuck cares what some Internet randos think. I bet you ten shares that more than a handful of the people taking about ethical conundrum didn’t even vote this past election.
The only thing that matters is can you live with it? If you can, go for it and make a buck working within the confines of Americans values because if you don’t, someone else will.
I’ll tell you that I don’t regret buying into the reddit IPO despite its various ethical scandals and going forward here my family and future matters more at this point than anything the average American says since they voted out literally didn’t vote for all of this.
Fuck it, imma say it. Some questions are hella stupid
Needed to be said. I honestly thought I was in Onion territory at first…
Yes.
Investing to make money off of other’s suffering is never justified.
You may as well scream “FUCK YOU, GOT MINE” a little louder.
Yes. Doing so makes you a hypocrite. Don’t worry through, there’s no shortage of hypocrisy in America. It’s practically a requirement to be at least unwittingly hypocritical. Just by drinking Coke or tipping a waiter you’re contributing to a broken system designed to exploit people for maximum profit.
But here’s the rub. You can’t, in any practical sense, escape that crap, however, you can choose to not deliberately contribute to stuff outside your immediate wheelhouse. It’s one thing to buy a chocolate bar out of a vending machine, but investing in Nestle? That’s a choice, and one you could have easily skipped. You could skip the candy too, but it’s very, very hard (and impractical) to refuse every corporate product ever. Everything, from the materials in your electronics to your mortgage company, to most food from lettuce to frozen chicken, exploits people. But you don’t have to voluntarily make the problem worse.
And on the sliding scale of morality, investing in slavery - in this case the prison industrial complex is just greed and indifference to the cost in human suffering. Seriously research it, slavery in all but name has been part of the plan since the Reconstruction era after the Civil War. We never had a justice system; we have a punishment system that hungers for the labor of the downtrodden, especially of minorities.
So if you want to at least try and be a better person, and investing is something you want to do, look into the companies you’re investing in. See what their executives are paid compared to their workers here and abroad. There are companies that you can ethically justify investing in - small companies, co-ops, credit unions, pro-union companies, companies actually trying to solve problems or make the world better, like solar manufacturing, etc.
If you want to invest in human suffering, then you’re going to have to make peace with being a bad person and being judged for it. I’d advise at least trying not to. It’s a hopeless battle, but fighting honorably is its own justification.
There are not enough hundred dollar bills in the world to wipe off the stench of being branded a doody-head by the fediverse.
Thank you for your well thought out response to what might otherwise be dismissed as a trolling attempt.
Yes
“As left as they come”.
Doubt.
Yes. Bad.
Apparently the left stops somewhere about right of centre - what a quaint political system the US has.
I’m a bit confused as to why you would have to ask this if you truly are “as left as they come” but… yes of course??
“I’m just trying to monetize human suffering. Am i a bad person?”
Actually no, you’re not “bad.” You’ve gone so far past bad that bad is just a dot on the horizon in your rearview mirror.
So first, you need to know that the definition of “genocide” is larger than you probably think.
The 1948 Genocide Convention defines genocide as any of five “acts committed with intent to destroy, in whole or in part, a national, ethnical, racial or religious group”. The acts in question include killing members of the group, causing them serious bodily or mental harm, imposing living conditions intended to destroy the group, preventing births, and forcibly transferring children out of the group.
Emphasis mine.
Second, hastily-built private prisons constructed for the purpose of keeping a group that has committed no crime in one place long enough to “dispose of” them? They also have a technical term: a concentration camp. If they’re also performing work, they’re a labor camp.
So what Trump wants to do with Latiné folks is a form of genocide.
Third, there are multiple levels of supporting a genocide, from being a member of the society that created the out-group, all the way up through pulling people from that out-group from their homes. Somewhere in the middle of that list is “voluntarily providing aid to those committing the genocide.”
Fourth, each level of support bears a different culpability, and each individual within the levels bears a different culpability based on their knowledge and understanding of what’s happening, their intentional decision to participate or not, and the amount of protest they raise at the treatment of the out-group.
So, knowing all of this, where would you put such a decision?