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

["Mike Morin" <mikemorin@no.address>]

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:

 http://citnet.org/newsletters/2005-02/morin1.aspx


Working for peace and cooperation,

MiMi
  ----- 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  http://www.naturalcapital.org/index.html
    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. www.ResponsibleInvesting.org
     
    Stephanie Barger, Executive Director
    stephanie.barger@no.address
    Earth Resource Foundation
    230 E. 17th St #208
    Costa Mesa, CA  92627
    www.earthresource.org 
    949-645-5163
     
    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       
  916-652-7850    
  Fax: 916-652-0485
  www.garyliss.com 
  



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