NCPA - National Center for Policy Analysis


June 25, 2008

In state capitals all across America, the movement to divest public funds from shares of companies that choose to do business with state sponsors of terrorism continues to make major headway, says Human Events. 

In recent months, legislators in several states have introduced divestment bills and informed the public about the benefits of divesting from the economies of nations such as Iran, Syria, Sudan and North Korea, which are all listed on the U.S. State Department's list of terrorist sponsoring nations. 

For example:

  • States including Arizona, Georgia, Maryland, Missouri, Louisiana, Florida, California, Illinois, Ohio and New Jersey have adopted various forms of public investment policies that exclude companies that do business in/with Iran and the other terrorist-sponsoring nations.
  • Pennsylvania is currently considering a measure to divest its pension system from companies doing business with terror sponsors.

In March, three private organizations introduced a new family of terror-free index products, which may signal a substantial transformation of the divestment movement into a complete terror-free investment marketplace:

  • The terror-free index products screen out companies that have active business ties in/with Iran, Syria, Sudan and North Korea.
  • This new terror-free product has the potential to make terror free investing readily available to everyone in America.
  • This amounts to the privatization of the financial dimension of national security and the war on terrorism by empowering every American to participate in making corporations decide whether they would prefer to do business with our enemies or have unfettered access to U.S. capital markets, says Holton.
  • Americans who have wondered what they can do to help combat terrorism will have the ability to do so by investing terror-free.

Source: Christopher Holton, "Terror-Free Investing Growing Strongly," Human Events, Vol. 64, No. 21, June 16, 2008.


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