• xmunk@sh.itjust.works
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    15 days ago

    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.

      • xmunk@sh.itjust.works
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        15 days ago

        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.

        • ComradeSharkfucker@lemmy.ml
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          15 days ago

          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.