24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

Urban Push To Divest From Gun Makers Faces Uncertain Outcome

One question is whether the gun divestment movement will spread from large, politically liberal cities and a handful of deep-blue states to the rest of the country, major swaths of which are deeply attached to their firearms. On the left, activists will invoke divestment initiatives related to South Africa’s former apartheid regime and the tobacco industry. Gun-rights advocates will stress that, unlike government-backed racism and lung-destroying cigarettes, guns have legitimate, constitutionally protected uses. Investment professionals may question whether public pension funds ought to engage in partisan conflict and culture war. We’ll have to wait a while to see how all that plays out.

A further question is whether this kind of municipal assault on the gun industry en masse will have an effect opposite from what its proponents intend. Experience from the 1990s—largely forgotten outside of the firearm industry—suggests that gun-control advocates risk unintended consequences.

Source: Bloomberg Businessweek. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.