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Is it moral for an Objectivist to invest in gun manufacturer stocks?

Posted by $ jbrenner 8 years, 9 months ago to Philosophy
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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.


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  • Posted by $ 8 years, 9 months ago in reply to this comment.
    Figuring out where to draw the line is exactly my dilemma. Your example of Raytheon is a poignant one. I have half a dozen former students employed there that I still interact with occasionally. As an engineer, I am trained to not even get close to the borderline when it comes to safety and ethics. Doing so with regard to investing could get me to paint myself into a corner.
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  • Posted by $ 8 years, 9 months ago in reply to this comment.
    Sig-Sauer is under consideration. Having taught mechanical engineers for 18 years, I have former students working at most of the gun manufacturers.
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  • Posted by Wanderer 8 years, 9 months ago in reply to this comment.
    Very true. The irrational fear of nuclear power has stunted that industry for decades and, looks like it will continue stunting it for more decades.

    We're doomed by the ignorance and stupidity of those around us.
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  • Posted by Technocracy 8 years, 9 months ago in reply to this comment.
    You have to consider where you draw lines.

    For instance, Raytheon is a defense contractor, a member of the Military Industrial Complex. Raytheon has other divisions not concerned with the mil space, like Amana appliances. Do you not buy an Amana microwave because they are owned by Raytheon?
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  • Posted by Technocracy 8 years, 9 months ago in reply to this comment.
    I agree with you on how much of the objection to anything nuclear, whether nuclear weapons, nuclear power, or nuclear anything, is irrational fear.

    Most people know virtually nothing about nuclear anything. Since they have no actual knowledge, reason has nothing to judge with so emotion jumps into the gap.
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  • Posted by $ 8 years, 9 months ago in reply to this comment.
    Here in Florida, there is a substantial chance of all of those happening. One of my grad students got bitten by a shark last year. The damage required a couple of stitches. A faculty colleague at my university is one of the leading lightning experts in the world. We have lightning-based power interruptions about twice a month here. And a gator is sunning himself on the pond shoreline across the street from me.
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  • Posted by scojohnson 8 years, 9 months ago in reply to this comment.
    Statistically, you have a better chance of being eaten by a shark, alligator attack, or struck by lightening than a mass shooter event.
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  • Posted by Technocracy 8 years, 9 months ago in reply to this comment.
    Crony capitalism is the government's definite preference at this point. Hence the continual growth of law and regulation to force this on us.
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  • Posted by Wanderer 8 years, 9 months ago in reply to this comment.
    Until last week, although the Dallas Metro area is more liberal than it used to be, it's full of gun owners who vote. Although Denver is more liberal than it used to be, Denver was full of gun owners who vote.

    The Dallas massacre was carried out by an angry black man who'd probably converted to Islam while serving in Afghanistan. The Denver (theater) massacre was carried out by a mentally disturbed white man who'd failed in his graduate program.

    Newtown is probably a liberal place, full of people who vote and it's got gun shops so, there are probably gun owners in Newtown.

    The Newtown (Sandyhook) massacre was carried out by a mentally ill white man who ranted incoherent ideas on radio talk shows.

    Omaha is full of conservative gun owners who vote.

    The Omaha massacre was carried out by a mentally ill teenager who wanted to be famous.

    I think the common threads in our mass shootings are mental illness and Islam. I don't think I can tie them to political stance or rates of gun ownership.

    Statistics indicate rates of gun ownership have an inverse relationship with rates of violent crime.

    So, guns deter rational criminals but, not mentally ill or politically motivated people.
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  • Posted by Wanderer 8 years, 9 months ago in reply to this comment.
    I once entered into that discussion with a group of Canadian leftists who said Hiroshima was genocide but, the fire bombing of Tokyo that killed far more civilians was OK.

    I began to think many objections to nuclear weapons are simply selfish fear. Some nuclear weapons opponents can imagine nukes going off in their cities but, can't imagine an enemy nation fire bombing Toronto or Seattle. Therefore we must ban nuclear weapons but, small arms, artillery, tanks, and conventional bombs are OK.
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  • Posted by Wanderer 8 years, 9 months ago in reply to this comment.
    Believe it or not, most of our military and police small arms are made overseas, in Europe. I'm not sure why but, it's been a long time since a US manufacturer has won a small arms contract.

    Most Colt and Ruger products are sold to the public.
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  • Posted by 23Skidoo 8 years, 9 months ago
    I would say, after reading and watching AS, that you should have no problem investing in the stocks of firearm manufacturers. Guns are not primarily used to kill people, I have fired thousands of rounds and not once have I shot at a person. If AS is upon us, you'll want the hardware those companies produce, not just the stocks!
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  • Posted by $ 8 years, 9 months ago in reply to this comment.
    If you do a little bit of further reading, you'll notice that Colt, the company as opposed to Samuel Colt, has continued Samuel Colt's looter ways.
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  • Posted by tdechaine 8 years, 9 months ago in reply to this comment.
    The question speaks for itself, regardless of what you meant. "Is it moral to invest in gun manuf.s?"
    Nothing about the oppressors is relevant here; you are not initiating force, you are not causing more chaos by buying stock, you could not be supporting them, etc. Cause and effect....
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