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jerryguru69 (93.36)

I Refuse To Invest In China

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July 09, 2012 – Comments (4) | RELATED TICKERS: MCD , YUM , GM

On numerous occasions, TMF has emphasized the importance of ethical, far-sighted corporate governance.

I agree.

However, ought not this attitude also apply to the country in which a corporation does business? Is not proper governance important for both the host country and corporate entity for reliable, ethical, long-term, healthy economic activity?

Hmmm?

Communist China has no problem with capturing a pregnant woman, forcibly strapping her down to a hospital bed, injecting abortifacients, extracting her dead baby, and placing the dead body on the mother's naked body to take pictures. This happens multiple times daily.

If investment is to have an ethical and moral component, does not Communist China disqualify itself? In my book, yes.

I will not invest in any company based in China, or any US corporation that does business therein. Is this not in the same vein as the South Africa divestment movement over apartheid?

 

4 Comments – Post Your Own

#1) On July 09, 2012 at 12:55 AM, JimmyZangwow (23.02) wrote:

You hit the nail squarely on the head. More stock investors than not have a "wrong is right" mentality, meaning they wouldn't personally take part in unethical action, but the impersonal relationship with corporations that make them money trumps attention to any coincidental unethical business practices.

Thanks for this.

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#2) On July 09, 2012 at 1:09 AM, awallejr (80.10) wrote:

I will never challenge someone for refusing to invest in a company or country for that matter on ethical grounds.  I just refuse to invest in China because I don't trust the bastards.  Food companies might be an exception or commodities.  But there is no doubt they steal anything technology-based.

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#3) On July 09, 2012 at 1:49 AM, zzlangerhans (99.78) wrote:

Anyone who invests in a company that originates in China after it's already clear that stock fraud is widely accepted if not encouraged there deserves what they get.

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#4) On July 09, 2012 at 12:26 PM, leohaas (93.62) wrote:

I tend to agree, but where do you draw the line?

OK, so no Baidu for you. But what about Walmart? Almost everything they sell is made in China. Are you absolutely sure Fords contain no parts made in China? Because if so, you cannot invest in F. Verizon? Aren't some of the cell phone accessories they sell made in China?

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