this post was submitted on 11 Jul 2025
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I doubt many people are claiming that just having investments makes you bad. But depending on the specific nature of the investments, you could be. If someone ran out and invested in GardaWorld (or had them and didn't divest) after finding out they took part in building that concentration camp in Florida, I'd certainly judge them, as an example. But even casting it as a question of morality is beside the point, I think. It's a question of conflicts of interest. The personal wealth of our Prime Minister seems to be significantly tied up in the success of American industry. In the context of our current relations with the USA, that doesn't concern you even a little bit? Particularly considering the honestly pretty soft stance he's taken towards them post election?
My investments are managed by someone. I made him exclude oil and gas, defence, and others. It's mostly technology.
For the record, I'm not trying to make any accusations towards you. When I said 'you' in the previous comment take it to mean the general you. From the comments of yours I've read you seem like a good person to me.
I didn't take it personally. I'm very comfortable with my investments. I was just calling out the fact that someone who had worked their whole life at an economist and central banker is going to have money and is going to have investments just like every single conservative MP, premier, senator, and MPP does.
I'm still surprised, however, that someone who wrote a whole book about the responsibility market participants have to look beyond immediate personal gain (particularly in relation to climate) would be like, gimme an index fund that doesn't exclude oil & gas corporations