The idea is very useful to the activist. If certain amounts of capital are taken away from an entity that is, say, clear cutting the
rainforest, or in the case below, perpetuating social violence, business as usual is largely altered. Like all methods of disobedience, this is but another tool in the toolbox. Negotiating with entities that are able to wield such influence are also at the root for the greedy capitalistic structure. But they exists, have power, and must be dealt with on some level. There's always many facets to each action in seeking justice, and action is necessary (in all its forms).
Check out this message I received today:
On December 10, International Human Rights Day, in 23 cities across America people of conscience took a historic stand for justice and equality for all people in the Middle East.
Side by side, Jews, Christians, and Muslims went to 23 individual offices of the US’s leading pension fund,
TIAA-
CREF, and said do not use my money to profit from the Israeli Occupation.
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CREF, divest from Caterpillar and other companies that profit from breaking the law, harming others and preventing peace.
You can watch the video for yourself to see people of every age in cities large and small across the United States—from New York City to Iowa City, and from Washington DC to Seattle, Washington—all telling
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CREF to stop profiting from destruction.
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CREF is one of the largest pension funds in the world, and they have invested over a quarter billion dollars in Caterpillar, which manufactures the bulldozers used by the Israeli government to demolish thousands of Palestinian homes and life-sustaining orchards. Caterpillar D-9 bulldozers are an essential tool of an occupation that steals land, destroys livelihoods and injures or kills civilians.
Every day that
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CREF holds Caterpillar stocks is another day in which the financial giant profits from these human rights violations.
In some
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CREF offices, company representatives received a copy of our divestment petition or met cordially, in others they distributed a form letter in response, and in one office they refused to honor a scheduled appointment with someone who has been invested with
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CREF for 50 years.
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CREF simply does not offer participants an option for investments free from supporting the occupation. Even their socially responsible funds invest in Caterpillar.
Last Friday, December 10, was just the beginning. Additional
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CREF participants have scheduled appointments to return to discuss their concerns. Many more continue to gather signatures for our divestment petition--we know that every signature from a
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CREF holder makes a difference.
"We went to the University of Louisville, and together with the local Students for Justice in Palestine we collected 260 signatures for the
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CREF petition in about 4 hours. That’s more than one signature a minute.”
Russ
Greenleaf, Jewish Voice for Peace, Louisville, KY
"I was collecting signatures for an hour and a half at
SUNY Cortland and was astonished at how easy it was. I thought it would be controversial, but every single person I approached signed. In fact, many thanked me for doing this, and told me how grateful they were that a Jewish organization is finally taking action on this issue. I didn't anticipate that."
Howard
Botwinick, Associate Professor of Economics at the State University of New York-Cortland
People want to join you and the thousands who have already signed our petition. Now you can help them. Can you collect signatures? Forward this email? Every action you take matters- until all of
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CREF's investments, and the lives of Palestinians are occupation-free.
This is just the beginning.
An interesting way to make some progress. Of course both sides of this deeply rooted issue have faults to be held accountable for, and analysis must be put to supporting a negotiation with
capitalistic groups driven by enormous profits, but solutions will only be reached through steps built on peace and justice.
Divestment, playing the games of the system, but a compelling idea to add to to activist tool kit.
