• Echo Dot@feddit.uk
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    5 months ago

    If you’re basing your financial decisions on moral standings there’s going to be a lot of companies you can’t invest with. I’d argue that in order to be successful you have to unfortunately invest with unsavory people and companies.

    Some of the most profitable companies in the world will be Banks that hid Nazi gold, companies who underpay their workforces, and manufacturers who use child labor in China.

    Obviously I wouldn’t invest with them, but I also don’t have any money to invest. You find me a morally aware investment banker, should be a fun search.

    • Viking_Hippie@lemmy.world
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      5 months ago

      If you’re basing your financial decisions on moral standings there’s going to be a lot of companies you can’t invest with

      Obviously.

      I’d argue that in order to be successful you have to unfortunately invest with unsavory people and companies

      Whereas I’d argue that that’s a poor excuse for knowingly profiting off of suffering.

      Some of the most profitable companies in the world will be Banks that hid Nazi gold, companies who underpay their workforces, and manufacturers who use child labor in China.

      Which is why people who value ethics higher than wealth hoarding try to not do business with those companies when it’s avoidable.

      You find me a morally aware investment banker, should be a fun search.

      By definition impossible since stock trading is inherently immoral as it’s a fake wealth casino for the rich with (usually negative) real world consequences for everyone else.

      • Echo Dot@feddit.uk
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        5 months ago

        I’d argue that that’s a poor excuse for knowingly profiting off of suffering

        It’s not an excuse it’s a justification

        I feel like you’ll miss him the point. You’re expecting people who don’t share your values to share your values. Why would they do that?

    • Dasus@lemmy.world
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      5 months ago

      I’d argue that in order to be successful you have to unfortunately invest with unsavory people and companies

      “I know that I’m gonna have to do sns support non-ethical things. Straight up genocides even. But I personally don’t care, because I want money so I can pretend that ‘I’ve made it’”

      You find me a morally aware investment banker, should be a fun search.

      " Hey, I’m just in the slave trade because it’s so damn profitable. I would love doing it morally, but you try to find me a moral seller of slaves! "

      • Echo Dot@feddit.uk
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        5 months ago

        Yeah that’s exactly what they think. I’m only pointing it out I don’t agree with it.