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[GreenYes] Re: Paul Hawken critique of Socially Responsible Investing

Socially responsible investing is a contradiction in terms.

It will not work for a number of reasons.

First of all, socially responsible investing where a so-called triple bottom line, by the nature of the two out of three that are traditionally left out will not be able to compete with socially irresponsible investment.

Secondly, the notion of socially responsible investment runs contrary to the notion of equity. It reinforces the elite position of a Capitalist class.

For an alternative to the Capitalist system which is based on reform rather than revolution, go to:

Working for peace and cooperation,

----- Original Message -----
From: Gary Liss
To: GreenYes@no.address ; zwia@no.address
Sent: Tuesday, July 04, 2006 6:01 PM
Subject: [GreenYes] Paul Hawken critique of Socially Responsible Investing

At 07:19 PM 6/26/2006, Stephanie Barger wrote:

Here is the website
they are located in Sausalito
Here are some excerpts from the website

Socially Responsible Investing: How the SRI industry has failed to respond to
people who want to invest with conscience, and what can be done to change it.

Naively or intentionally, phrases such as 'corporate social responsibility,' 'sustainability,' 'green business' and 'socially responsible investing' are being employed by corporations in ways that confuse consumers and diminish the work of businesses that are dedicated to responsible practices. SRI mutual funds, which purport to invest responsibly, are in fact buying shares in many companies that have co-opted these terms. In response to this blurring of meaning, NCI published a report in 2004, and developed the first database of socially responsible mutual fund portfolios in North America, accessible free of charge to the public.

Stephanie Barger, Executive Director
Earth Resource Foundation
230 E. 17th St #208
Costa Mesa, CA 92627

Help support Earth Resource Foundation's youth programs and campaigns for: smoke free beaches, plastic reduction and promotion of electric cars and renewable energies

Gary Liss
Fax: 916-652-0485

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