THE RECENT action by state Treasurer Steve Grossman to review how much the Massachusetts pension fund invests in civilian arms and ammunition manufacturers, as well as their distributors and sellers, points the way toward an effective strategy to change this industry’s marketing of semi-automatic weapons and high-capacity ammunition clips (“Cleansing the portfolio,” Editorial, Dec. 26).
If states divest their firearms holdings, it may lead the industry to curb its lobbying arm, the NRA, from opposing any rational legislation to control these weapons.
Comments
It's not the job of investments companies to make moral judgements. It's their job to maximize profit.