No, I agree wholeheartedly. My point was rather the abstraction of it just means it’s easier for the investment-minded human to justify their lack of direct connection to the mass jailing of innocents while actually being directly connected to the horrors of it. They feel like they’re not connected to it by the abstraction of the market.
I get what you’re saying, and I don’t disagree that the abstraction makes it easier for investors to detach themselves from the reality of what’s happening. But at the same time, isn’t that part of how all markets work? Investors don’t make the rules—they just operate within them. When it comes to private prisons, for example, the wrongful imprisonment of innocents or mass deportations aren’t supposed to be part of the “business model.” That’s a failure of the state, not the investor. In theory, these facilities exist to meet state demand for detention, which should be lawful and just (even if we know that’s not always the case).
And honestly, this kind of abstraction isn’t unique to private prisons. Look at almost any other industry:
Investing in food companies? You’re indirectly supporting things like worker exploitation, environmental damage, or factory farming (which involves a lot of animal suffering).
Transportation? Cars, planes, and ships pollute the planet on a massive scale.
Tech? There’s often exploitative labor behind those shiny gadgets, not to mention privacy violations or harmful social media algorithms.
Fashion? Fast fashion profits off sweatshops and massive environmental waste.
If you zoom in on any one of these industries, the moral complications are everywhere. But most of us don’t expect investors to shoulder the blame for all of this—they’re operating within the system as it exists. To me, the real responsibility lies with governments and regulators to set the rules and hold these industries accountable. Investors aren’t actively making the decisions that harm people; they’re just responding to opportunities in the market.
At the end of the day, if we reject every investment tied to something morally gray, we’d have to swear off almost everything. I think that’s where the abstraction helps—it lets people focus on their role (whether as investors, consumers, or workers) without taking on all the guilt for how the system fails. Is it perfect? No, but it’s how the world works right now.
No, I agree wholeheartedly. My point was rather the abstraction of it just means it’s easier for the investment-minded human to justify their lack of direct connection to the mass jailing of innocents while actually being directly connected to the horrors of it. They feel like they’re not connected to it by the abstraction of the market.
I get what you’re saying, and I don’t disagree that the abstraction makes it easier for investors to detach themselves from the reality of what’s happening. But at the same time, isn’t that part of how all markets work? Investors don’t make the rules—they just operate within them. When it comes to private prisons, for example, the wrongful imprisonment of innocents or mass deportations aren’t supposed to be part of the “business model.” That’s a failure of the state, not the investor. In theory, these facilities exist to meet state demand for detention, which should be lawful and just (even if we know that’s not always the case).
And honestly, this kind of abstraction isn’t unique to private prisons. Look at almost any other industry:
Investing in food companies? You’re indirectly supporting things like worker exploitation, environmental damage, or factory farming (which involves a lot of animal suffering). Transportation? Cars, planes, and ships pollute the planet on a massive scale. Tech? There’s often exploitative labor behind those shiny gadgets, not to mention privacy violations or harmful social media algorithms. Fashion? Fast fashion profits off sweatshops and massive environmental waste.
If you zoom in on any one of these industries, the moral complications are everywhere. But most of us don’t expect investors to shoulder the blame for all of this—they’re operating within the system as it exists. To me, the real responsibility lies with governments and regulators to set the rules and hold these industries accountable. Investors aren’t actively making the decisions that harm people; they’re just responding to opportunities in the market.
At the end of the day, if we reject every investment tied to something morally gray, we’d have to swear off almost everything. I think that’s where the abstraction helps—it lets people focus on their role (whether as investors, consumers, or workers) without taking on all the guilt for how the system fails. Is it perfect? No, but it’s how the world works right now.