Comment on NBA star Stephen Curry faces backlash over investments in ‘Israeli’ firms
pdxfed@lemmy.world 3 days ago“investment for retirement is way different than owning a VC firm”
I’d challenge that idea if you’re trying to pass a moral judgement. It’s no less wrong or immoral to uncaringly invest in companies that do horrible things for ones retirement in a 401k than it is in invest uncaringly in companies that do horrible things for VC, starting a new business or any other investment decision. We all bear responsibility for the effects of our own decisions, whether small in scale or large. Whether small or large investments, if we all took care and interest and time to receive and made changes where we see immorality, the world would be better for it.
Who gets to draw the line between those who are just “retiring” and bear no responsibility for the effects of their investments and those who are so wealthy they should? Who gets to decide what that amount threshold is? You? Why wouldn’t everyone be held to the principle if you’re making a judgement based on morality? Gets to be a very slippery and subjective slope otherwise.
David_Eight@lemmy.world 3 days ago
If a person give a company money to invest for their retirement they can look into the investment company itself but its unreasonable for them to look into every company they invest in. Normal people generally don’t have time to check new investments that company makes everyday. Once an individual is made aware of their money being invested into immoral companies then its there responsible to act.
That’s a quote from their website, see the difference? Steph didn’t just give someone money to invest and they did something without his knowledge.