Vice, Vice Baby
I’ve often said that there are a few recession/depression proof industries (porn and booze). Check it:
Vice beat virtue in 2006. Putting your money into sinful industries such as tobacco, alcohol, gambling and arms beats the market comfortably. In the US, the Vice Fund, which invests only in these sectors, is up 23 per cent for the year.
The Ave Maria Catholic Values Fund, which excludes companies that violate Catholic doctrine, is up only 13 per cent.
Via reader d who says: you can take comfort that Libertarians won in the market, if not in politics this year.
And arms are not sinful.
December 29th, 2006 at 12:24 pm
And Libertarians didn’t win politics this year, either.
Just because libertarians don’t feel a compelling need to meddle in other people’s business it doesn’t mean they’re libertines.
You would be hard-pressed to find any major issue where the Democrats are more Libertarian than Republican; even on abortion, the Democrats not only support keeping abortion legal, but subsidizing it with taxpayer dollars as well. That’s not libertarianism, that’s liberalism.
December 29th, 2006 at 12:32 pm
Just for the record, the Ave Maria fund does not exclude arms as sinful. I specifically asked this before I invested with them.
They have four criteria:
1) Does not support pornography
2) Does not support abortion
3) No donations to planned parenthood
4) No spousal benefits to same sex couples.
This seems perfectly in line with libertarian principles, I’m using the free market to express my moral values.
December 29th, 2006 at 3:46 pm
[…] Link/post blatantly stolen from SayUncle. […]