Some have called Harvard a Hedge Fund with a school
attached, because it has over $36 billion in its endowment, but the UC holds
over $100 billion in its retirement funds, endowments, and working capital
funds. This large amount of money can be
used for good, or it can be used for darker purposes, but one thing for sure,
it makes the university an important global finance player. Of course, we should all ask what it means
when a public university enters global finance.
On my pessimistic days, I remember being lectured by fellow
members about the need to focus on returns and not trying to make any social
statements by our investment choices.
The argument here appears to be that capitalism is essentially amoral,
and so we must think and act in an amoral way.
When you extend this logic to the university itself, a public
institution with a public mission is driven by an anti-public
ideology. Moreover, as finance has
become globalized and its power and valuations exceed the traditional productive
and consumer economies, we must realize that we have entered a new stage of
capitalism and social organization. In
this era of multinational corporations and central banks circulating trillions
of dollars of credit, we have to understand that the old world of democratic
institutions and nation-states is being eclipsed.
A glimmer of hope emerged for me at the last investment
meeting because the CIO was making the argument that we can earn a high rate of
return and do good at the same time. Of
course, this combination of profit and moral advancement can be a smokescreen
to hide naked greed, but it is possible for people to take advantage of this
new rhetoric of socially responsible investing.
In other words, as our economies become globalized and integrated into a
financialized market, we can steer the circulation
of capital in a positive direction.
In perhaps one of the most surprising conversations I have
ever heard at a UC investment meeting, Regent Makarechian started to drill the
CIO about the relation between investing and human rights. I believe the regent even asked if we are
investing in companies with good labor conditions. It was clear that the group
was pretty uncomfortable with the discussion, but I see this moment as an
opportunity.
Clearly, individual nations cannot deal with global climate
change, tax evasion, international labor standards, migration, or terrorism on
their own. Moreover, our democratic
institutions are being transcended by multinational corporations, global
elites, undemocratic central banks, and the World Trade Organization. Is it possible that our only hope is a
shareholders revolution where huge pension and sovereign wealth funds transform
amoral capitalism into socially responsible investing?
This comment has been removed by a blog administrator.
ReplyDeleteAmen and Hallelujah! Congrats to UC Committee on Investment for dropping coal and tar sands investments. Now on to oil and responsible reinvestment in sustainable energy companies. As an alum from the class of '68 I couldn't be happier and agree more with your analysis. There is no such thing as an amoral investment.
ReplyDeleteJust amoral people, or perhaps, immoral people.
DeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteT20 CRICKET WORLD CUP 2016
ReplyDeleteSNEAK PEAK AT ICC T20 WORLD CUP CHAMPIONS SINCE INCEPTION IN 2007
India vs Pakistan ICC T20 World Cup 2016 Match preview, Live streaming, Live Score, Watch Online
South Africa Cricket Team Squad, Players for ICC T20 World Cup 2016
New Zealand One of the contenders for the T20 World Cup 2016
ICC T20 WORLD CUP 2016 (INDIA) TOP TEN VALUABLE CRICKETERS |BATSMAN RANKING|
ICC T20 World Cup 2016 Schedule
I just want to say : why you do not click to play
ReplyDelete- minecraft games
- happy wheels
- happy wheels
- tetris
- brain games
- puzzle games
- agario
- abcya
- fnaf 4
Nos aseguraremos que el Parlamento permanezca alerta, y le agradezco al Comisario que haya indicado que además de las disposiciones
ReplyDeletejuegos de ariel juegos de bad ice cream juegos de elsa juegos de rapunzel juegos five nights at freddy's
Señora Presidenta, deseo expresar mi agradecimiento a la ponente, Sra
incluidas en el paquete de compromiso que vamos a votar, la Comisión deseaba facilitar información sobre la aplicación de la Directiva marco en el sector del agua y
puppet games puppet soccer 2016 stickman spiele
posición común del Consejo con vistas a la adopción de la Directiva del Parlamento Europeo y del Consejo relativa a las sustancias indeseables en la alimentación animal.
You need to kill time, you need entertainment. Refer to our website. hope you get the most comfort.
ReplyDeleteThanks you for sharing!
Friv 4
That's right! If you can pay the accommodation aback on the aboriginal due date, the fees are generally abate fees than those ambuscade in the corners for back you don't get money in the bank: coffer defalcation and/or bounced analysis charges, merchant's NSF fees, debt backward or absent acquittal charges. Multiple accuse from one banking breach are abundant added big-ticket than a concise accommodation absorption allegation .
ReplyDeletepayday loans chicago
When you're tired, you want to relax after a stressful working hours, you need to have time to take care of the kids active.
ReplyDeletePlease visit our website and play exciting flash games.
Thanks you for sharing!
Friv 4
Milton Barbarosh Thanks for sharing nice information . i like your post and all you share with us is up to date and quite informative, i would like to bookmark the page so i can come here again to read you, as you have done a wonderful job.
ReplyDeleteReturn Man|Douchebag workout 3|download b612|Douchebag Workout 2|Return Man|don't tap the white tile|Douchebag Workout|Photo Grid|b612 app|piano tiles 4|Return Man 2|Photo Grid Free|b 612|unblocked games|Return Man 2|Douchebag Workout
ReplyDeleteSo Thank you for sharing a COOL Meaningful stuff with us
This comment has been removed by the author.
ReplyDeleteشركة تنظيف خزانات بجدة
ReplyDeleteشركة مكافحة حشرات بالدمام
شركة كشف تسربات المياه بالدمام
شركة نقل عفش بالطائف
ReplyDeleteشركة نقل عفش بالدمام
شركة نقل عفش بجدة
شركة نقل عفش بمكة
شركة نقل عفش بالمدينة المنورة
شركة نقل عفش بينبع
شركة نقل عفش ببريدة
شركة نقل عفش بالخرج
شركة نقل عفش بالقصيم
شركة نقل عفش بخميس مشيط
شركة نقل عفش بتبوك
شركة نقل عفش بابها
شركة نقل عفش بنجران
شركة نقل عفش بحائل
شركة نقل عفش بالظهران
شركة الشرق الاوسط
ReplyDeleteشركة نقل اثاث بالدمام
شركة نقل اثاث بالخبر
شركة نقل اثاث بالجبيل
شركة نقل عفش بالخبر
شركة نقل عفش بالقطيف
شركة نقل اثاث بالاحساء
شركة نقل عفش الجبيل
شركة نقل عفش بالدمام
شركة نقل اثاث بالجبيل
شركة نقل عفش بالخبر
شركات النقل البري بالدمام
شركات نقل العفش بالدمام
ارقام شركات نقل العفش بالدمام
ارخص شركة نقل اثاث بالدمام
شركة تخزين عفش بالدمام
شركة نقل اثاث بالخبر
شركة نقل اثاث بالدمام
ReplyDeleteشركة نقل اثاث بالجبيل
شركة نقل اثاث بالقطيف
Vex 3 game thank you for your sharing. We feel very pleased about that. You should also try their best games with our free today to get the sense of fun that brings. Thank you!
ReplyDeletereturn man
baixar whatsapp
mobogenie baixar
Happy Wheels
Happy Wheels
Vex 3 Game
Potty Racers 3
Swords And Souls
Suddenly miss my lover too, do not know what people eat less, do not go to work today, tired or not, busy or not, where are you, how old are you, what is the name.
ReplyDeletedownload musicas , snapchat download , geometry dash apk , run 3 , b612
Your blog is very useful for me,Thanks for your sharing.
ReplyDeleteหนังไทยตลก
I like your post. It really useful with me. Thanks for sharing these useful information!
ReplyDeletehappywheels3game.com
Wonderful article!!! I like this website so much it's really awesome. I would like to thank you for the efforts you have made in writing this article. I am hoping the same best work from you in the future as well. Well I have also made some article hope you go through it. I hope you and your valuable readers will be like it.
ReplyDeleteEid Mubarak 2018
In your blog I was happy to see your article, better than last time, and have made great progress, I am very pleased. I am looking forward to your article will become better and better. Thank you so much for the good article.
ReplyDeleteMahalaya 2018
Vishwakarma Puja 2018
This is really very important article for education. Every student should be read this article. Because i think this is really very useful article for students. Thanks for share. By the way PSC Result 2018 and
ReplyDeleteJSC Result 2018 is too much important for Bangladeshi Junior Students. Thanks
In your website I was happy to see your all post, better than last time, and have made great progress, I am very pleased. I am looking forward to your post will become better and better. Thank you so much for the good post.
ReplyDeleteNova Launcher
Nova Launcher Prime Apk
This is a great inspiring article. I am pretty much pleased with your good work. You put really very helpful information. Keep it up. Keep up the good work! Thank you.
ReplyDeleteSSC Routine 2019
SSC Routine 2019 PDF
Thanks just for this web site. I study your writing as well as I adore this. I write about with my close friends and the guy is rather satisfied. Continue to post, I bookmark your online site and I visit day after day. Here is Secondary School SSC Routine 2019 Bangladesh Education Board available in the official website. Every students can Download Their SSC Routine 2019 PDF from official website. SSC Routine (Exam Time Table) is too much important for Bangladeshi students. Students can take final preparation after downloading the SSC Routine. Thanks
ReplyDeleteJSC Result 2018
ReplyDeletebd jobs
bteb
Thank you for sharing valuable information nice post,I enjoyed reading this post.
ReplyDeleteหนังออนไลน์
What a great article!. I am bookmarking it to read it over again after work. It seems like a very interesting topic to write about. Your posts is really helpful for me. Thanks for your wonderful post.
ReplyDeleteJSC Result 2018
You did really good work. I really appreciate your new and different post. Please guys keep it up and share with us some unique post in the future
ReplyDeletePSC Exam Result 2018
PSC Result 2018 Publish Date
PSC Result 2018 by sms
Your posts is really helpful for me.Thanks for your wonderful post. I am very happy to read your post. It is really very helpful for us and I have gathered some important information from this blog
ReplyDeletePSC Result 2018 Dhaka Board
PSC Result 2018 Dinajpur Board
Very informative post.
ReplyDeletePSC Result 2018 Dinajpur Board
PSC Result 2018 Barisal Board
PSC Result 2018 Comilla Board
Your blog helped me to improve myself in many ways thanks for sharing this kind of wonderful informative blogs in live. I have bookmarked more article from this website. Such a nice blog you are providing
ReplyDeleteHSC Routine 2019
HSC Routine 2019 PDF
Amazing article. Your blog helped me to improve myself in many ways thanks for sharing this kind of wonderful informative blogs in live. I have bookmarked more article from this website. Such a nice blog you are providing
ReplyDeleteHere Is Daily updated Govt Job Circular for Bangladeshi People Who are looking for BD Govt Job to establish their career. I hope you guys will be like this Job Circular Website. Thanks again.
What a great article!. I am bookmarking it to read it over again after work. It seems like a very interesting topic to write about. Your posts is really helpful for me. HSC Routine 2019
ReplyDeleteHSC Exam Routine 2019
Thanks for your wonderful post. I am very happy to read your post. It is really very helpful for us and I have gathered some important information from this blog
very useful content so thank's for sharing the valuable post.
ReplyDeleteHSC Routine 2019
HSC Exam Routine 2019