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Divestment from companies doing business in Iran continues in California and New York
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As explained here, the apparent short-term failure of the Second Iranian Revolution must refocus attention on preventing the mullocracy from acquiring nuclear weapons. One of the most effective nonmilitary means available is to starve Iran of foreign investment. Thus, the news coming out of New York and California is genial.
New York State Comptroller Thomas DiNapoli announced on June 30 that his state’s Common Retirement Fund would divest $86.2 million from companies doing business in Iran and Sudan.
A day earlier, California Insurance Commissioner Steve Poizner required insurance companies doing business in California to reveal whether they’re invested in Iran. He said: “I’m going to do what it takes to identify whether insurance companies doing business in California are in effect funneling billions of dollars into Iran, which is a country that poses a serious national security threat.”
Perhaps not coincidentally, the Republican Poizner is planning to run for governor next year. Possibly this is part of a strategy to woo Jewish voters, who are predominantly Democrats. (Good luck with that.)
But there is no real need to imagine ulterior motives. Divesting from companies that do business with Iran is just good sense. As DiNapoli remarked, “We don’t expect our investments to benefit regimes that support genocide and terrorism.”
People who oppose military action against Iran should be screaming for more divestment. It is the only alternative strategy that has even a hope of preventing the mullahs from acquiring nuclear weapons.
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