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   Gabe (gabriel@mk.gabe.rocks)'s status on Sunday, 22-Sep-2024 06:22:15 JST Gabe

   in reply to

   @Hyolobrika@social.fbxl.net I'm not sure what you were getting at with your bees/honey comment.Consider the ethics of owning something like stocks in tobacco producers or other addictive products.is it okay to have power over and/or extract wealth from something that doesn't employ you, or operate near you, or that you don't depend on in any way The whole point of being a publicly traded company is that you can be externally financed. In theory, if there are no problems everybody wins. In my opinion most of the problems with corporations stem from a lack of enforcement of fraud and other crimes, or negative externalities that may well be considered crimes in their own right.
   
   So I would double down and say that there's no moral issue so long as the product or service being offered itself isn't (or isn't likely to be) net negative. I believe what you're hinting at is that if one is detached from the outcome, it may be hard (or inconvenient) for them to discover problems.
   
   I agree, which is why I think passive investing is a cancer that creates way more problems than it solves. I just wouldn't go as far as to say that being detached from something itself makes financing it immoral.
   
   (inb4 finance is usury and therefore immoral, I need a research grant to figure that one out 😅)