Captured by the capitalists
There’s a brothel within 500 metres of my house.
It’s very discreet. I don’t feel too fussed about it, but I wouldn’t want my money to help it grow. If the brothel owner issued shares, I wouldn’t buy any.
But I bet it banks with one of our mainstream banks, perhaps one I have deposits with.
This illustrates an uncomfortable truth about modern capitalism.
Unless you lead an extraordinary life off the capitalist grid, you are probably helping fund many, if not all of the following: prostitution, gambling, booze-makers, arms production, exploitative lending, and all the ‘‘bigs’’ like big oil, big tobacco and big sugar.
All these activities are legal. Capitalism equates legality with morality, so banks will lend to companies profiting from them, and most KiwiSaver funds will invest in them.
The financial system makes it hard (at times impossible) for us
Check your KiwiSaver’s annual disclosure statements online
They showwhat you are invested in
Start making choices