Is it moral for an Objectivist to invest in gun manufacturer stocks?
A week or two ago I asked whether or not I was too late to invest in the stocks of gun manufacturers, some of which were up 70 or 80% in 2015. I probably am too late to profit from such an investment.
When I think of guns, I think of my own self-defense. However, if I invest in gun manufacturer stock prices going up as a result of the increasing chaos brought on by the looter/moocher cabal, am I violating the Objectivist principle regarding initiation of the use of force? Am I supporting statist thugs? I want to be non-contradictory about this, and yet profit immensely by my support of the 2nd Amendment.
When I think of guns, I think of my own self-defense. However, if I invest in gun manufacturer stock prices going up as a result of the increasing chaos brought on by the looter/moocher cabal, am I violating the Objectivist principle regarding initiation of the use of force? Am I supporting statist thugs? I want to be non-contradictory about this, and yet profit immensely by my support of the 2nd Amendment.
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Please read
http://finance.townhall.com/columnist...
"Lucky for Colt (and the generations that would later benefit from his contribution to the industry), the war with Mexico broke out in the 1840’s, and Samuel Colt saw his opportunity. The aspiring gunsmith quickly found an audience with the US Government for his innovative firearm designs. Realizing the full potential of crony-capitalism, the entrepreneur almost went broke entertaining politicians, generals, and frontiersmen. He was, undoubtedly, the Solyndra lobbyist of his day. With the helpful contract from America’s military, Colt quickly etched his name in America as the creator of the “gun that won the West”."
http://finance.townhall.com/columnist...
You said..." I am seriously wondering whether I would be furthering the cause of those whom I do not support." Like Who?
The poster should understand that what others do is not the defining criteria of moral action. You have to decide whether your action will cause someone to use force against someone else. I have never been good at sales because I tend to tell the purchaser up front what can go wrong with a product and not what is good about the product because I would be transferring my troubles to someone else, despite the others wrong choice for buying the product. That is my only golden rule to not do to others what I don't like. It is nice and not pushy like the usual Golden Rule. If you are afraid that your investment will cause more deaths or injuries because of your action, please do not invest though any causation on your part would be nearly non-existent. Would you invest in a drug company? There, besides possibly saving lives, you might consider all those who would somehow abuse the use of the drugs by not following directions or being careless around children. A friend of mine just recently thought that a child proof heart drug container was OK around a 3 year old. Kid need her stomach pumped.
Probably the most bad moral action you can take is to invest due to that going-to-get-rich emotion behind most gambling type investments rather than an investment towards creating something new and useful.
There are any number of offshoots to a particular industry...some moral, some not. I'm not sure we can completely have one without the other.
One other thing...firearms can and are used to feed hungry families...moral, or not?
It would depend on how much you think your investment would have changed the outcome with or without your involvement, perhaps.
I know this is a rather extreme example, possibly more about "chain of responsibility" or something, but if you are asking about 'initiating force', how far down the chain does it go from your investment, and the actual use of the product for an immoral purpose?
the 2nd amendment is a poorly written summary of John Locke and David Hume's philosophical posits on natural rights of the individual to individually defend themselves by whatever means necessary...
i trade the markets for profit, whether they are going up or down...i will short the NYSE at the same time i pledge alliegence, shoot off fireworks, eat apple pie, and bring marshmellows to the bondfire of crashing markets, with chocolate, and graham crackers and celebrate the 4th of july...while proclaiming "I Am John Galt"...
I se no inherent moral conflict, in the sense that even if inspired by increasing chaos and threats of further gun control, I would think most of the new profits of the gun manufacturers are to individuals for legitimate self-defense purposes.
A possible exception might be a manufacturer who only supplied the government, or worse, a major arms manufacturer who sold clearly offensive weapons either to our government or other to promote immoral conflicts. If one could identify such companies. To me the "military-industrial complex" is hardly a myth, and I would not want to invest in it.
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