Re: Ethical Investment Gone Wild

From: Anders Sandberg (asa@nada.kth.se)
Date: Sun Jul 20 2003 - 03:11:58 MDT

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    On Sat, Jul 19, 2003 at 12:37:48PM -0700, Spike wrote:
    >
    > I can say exactly what it is. Miller presumes
    > everyone's sense of ethics matches his own.
    ...
    > Examples:
    >
    > "...[newly ethical investors suddenly began] demanding that their
    > pension funds and mutual funds divest from any producers of armaments,
    > alcohol, tobacco, gambling, pornography, or abortifacient drugs. Within
    > a few months, 450 million Catholics controlling about 2 trillion dollars
    > in equity had followed his advice. Lockheed and Penthouse went into
    > receivership..."

    Hmm, why do you think this is Miller's position? In the story it was the
    demand from the Catholic Church (where the list certainly seem
    plausible). But where is the evidence that this is Miller's view?

    I think one can refine your criticism into "Miller thinks everybody has
    roughly the same sense of ethics", which is a more useful question.

    -- 
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    Anders Sandberg                                      Towards Ascension!
    asa@nada.kth.se                            http://www.nada.kth.se/~asa/
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