D
darag
Guest
if 99% of investors only supported ethical companies, then the 1% with no such scruples will find fabulous bargains in the market. thus ethical investing effectively results in the transfer of wealth from the ethical to the unscrupulous.
along the same lines, because markets are largely efficient, ethical investment is a completely pointless exercise. the promotion of ethical investment encourages diverting moral energy into an ineffectual action away from political activism which can actually change the world. therefore if you are in favour of child labour, wrecking the environment, martial industries, etc., it would be in your interest to promote ethical investing.
along the same lines, because markets are largely efficient, ethical investment is a completely pointless exercise. the promotion of ethical investment encourages diverting moral energy into an ineffectual action away from political activism which can actually change the world. therefore if you are in favour of child labour, wrecking the environment, martial industries, etc., it would be in your interest to promote ethical investing.