The Ethics of Ethics
14 September, 2009
Recently I came across a snippet of news that on the advice of its fund’s Ethics Council , Norway state’s pension funds (previously Oil Fund) divested themselves from share holding in the electronic company Elbit Systems Ltd. Elbit is an Israeli hi-tech corporation heavily involved with defence projects.
The Norwegians cited the reason for divesting from Elbit that apparently, Elbit supplies components that are used in surveillance on the fence between Israel and the West Bank, the fence specifically built to block easy passage of suicide bombers into Israel.
You see, it is all about ethics, another term that has been hijacked by the loony left and liberal activism. No longer ethics is a set of values, axiomatically a force of good but it has become a spin intended to indoctrinate students of activists liberal professor into their political agenda, after all no one likes people who behave unethically.
Once upon a time ethics was about decent behaviour, personal or professional. These days the term imply activism, particularly, but not limited to, the environment.
Whilst originally ethical investments may introduced by the environmentalism movement in an attempt to encourage investment decisions towards companies which are doing the “right” thing by the environment, the eco-whackos quickly moved from encouragement to penalty, They no longer “pushing” investments in “worthy” enterprises but instead they “punish” those who they, the “ethics police”, consider unfriendly to their (environmental) cause.
About twelve out of some twenty six banned corporations from the Norwegian Pension Fund are American including Boeing, General Dynamic, Lockheed Martin and Wal-Mart. The reason vary from participation in the production of nuclear weapon, cluster bombs, land mines to alleged breaches of Human Rights and environmental “crimes” that cover both (real) pollution and carbon dioxide emissions.
To this impressive list of causes the Ethics Council now added a new cause, Palestinianism, a term coined by Bat Yeor, the author of the book Eurabia and describe the European anti-Semitism masquerading as anti-Israel.
Heading the Corporate Governance of the Norges Bank Investment Management (NBIM) until 2007 was Dr. Henrik Syse, a senior researcher at the International Peace Research Institute (PRIO), a man with no qualification in banking or investment whatsoever who is suppose to look after a fund worth hundreds of millions of dollars, some ethic!
Question: What is common to environment, peace human rights and Palestinianism causes?
Answer: Marxism! But somehow, unlike Stalin’s one, an ethical Marxism, are you kidding me? Some ethics!
Once more we see is the infamous environmental watermelon, green on the outside and red on the inside.
Let us just examine those causes and those who are pushing them;
One of the causes pushed by NBIM and its “peace scientist” head was anti- nuclear weapon. The Norwegian central bank took the high moral ground “punishing” American corporation that are alleged to be involved with the development of nuclear weapon whilst at the same time, Norway, as a member of NATO, is quite prepared to accept the outcome of such developments and stay under the nuclear umbrella provided by the USA to its allies, some ally, some ethics!
The front line jetfighter aircraft of the Royal Norwegian Air Force is the F-16 (Falcon) developed by General Dynamic and manufactured by Lockheed Martin, BOTH are excluded corporations by the investments Ethics Council of Norway. Do you get it? American corporations that are so crucial to Norway’s national defence are banned as unethical, some ethics!
Norway’s so-called Oil Fund (now renames “Pension Fund” has been established to preserve the wealth that comes from Norway’s North Sea oil and gas. The idea is that as oil is finite resource, thus the benefits it brings must be preserved by a special fund for future generations.
In order to avoid the new riches affecting the Norwegian economy (how?), by law the fund is prohibited from investing in Norway. In other words the people of Norway are denied their oil and gas wealth developed by their own tax money through a government owned (now privatised) Statoil, hopefully their children or grandchildren will. In other words, the current generation paid for the development of the resource but is not allowed to participate in the wealth it brings for ethical reasons, some ethics!
The echo-whackos call it sustainability, hardly a day pass that we don’t hear the word, what is sustainability? The concept is simple to explain, suppose you go to the supermarket to get your favourite bread, when you get to the bread shelves you see the last of loaves sitting lonely on the shelf. You are now suppose to leave that loaf of bread to someone “more deserving” who will come later, who that someone is or why that someone is more deriving then you is never explained, it is a question of sustainability and ethics, some ethics!
And let us not forget, the source of that investment funds, fossil fuels, the villain of global warming. Yes, I agree, global warming is the greatest fraud ever perpetrated on human kind but I don’t go around selling oil then wagging fingers at corporation who use it describing them as unethical for burning fuel that I has sold them, some ethics!
And if we are talking about global warming (aka Climate Change) let just concentrate on one aspect of it, ethics. In a recent BBC’s HARDtalk program, Stephen Sackur interview the CEO of Greenpeace, Gerd Leipold, who incidentally calls himself “climate scientist” watch:
Global Warming Lies (aka emotionalism)
Now do you want to get more emotionalised, do you want to see some photo of “cute” polar bears? Perhaps some seals cubs? But never the two together because polar bear EATS seals cubs.
SOME ETHICS!
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Let us now turn to Palestinianism. According to Bat Yeor, who coined the term, Palestinianism is
… the moral justification for the elimination of Israel
One does not have to look far into the histories of anti-Semitism in Europe and United State, to understand why Palestinianism has become so successful in Europe.
This is not to say that Israel is beyond criticism, nor anyone who criticise Israel is anti-Semite as not everyone who disagree with president Obama is racist but there is no doubt an anti-Semitism element ma
The divesting of $5 million out of Elbit represents less then 1% of Elbit’s capital, thus is financially meaningless but not so symbolically. It support the Arab propaganda that the wall represents some sort of apartheid.
Here is what apartheid looks like:
Apartheid sign on Durban beach
You will not find signe like this on any beach, or anywhere else in Israel for that matter. There are no laws in Israel forbidding sex between Jews and Arabs or segregating Arabs citizens in any shape or form. The fence was erected primarily to stop suicide bombers cross over into Israel, yes, to save innocents lives. Yet the Ethics Council seem to think that monitoring the fence is somehow unethical, some ethics.
(By the way, the fence has brought another benefit to Israel, a drastic decline in car theft. May I ask the ethics council what happened to their level of car theft since their gates were opened to Muslim immigration? Hmmm? Just asking!)
From a cultural point of view, Israel is largely a European county. It has more in common with Europe than with the Middle East, any feminist, homosexual, atheist, trade unionist, whether incorporated in one person or more, can walk the streets of Israel with safety, something they cannot do in any other country in the Middle East. Yet the Ethics Council find the fence that contributes to that safety objectionable, some ethics!
For crying out loud, we have just seen a female journalist arrested in Sudan for …. Wearing “inappropriate” trousers, This is the same country that arrested a British teacher because of “inappropriate” teddy bears. But you would not hear a peep from the ethics council about Sudanese Human rights, the reason is a question of ethics, some ethics!
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It is fair to say that Norway is not alone in having either ethics council, supporting Palestinianism or displaying anti-Israeli sentiments. The situation is very across the border in “neutral” Sweden and to lesser extent across the water in Denmark and France with the rest of Europe not far behind.
Have you ever wonder why, despite Israel being culturally so close to Europe, is the European policy towards Israel so negative and different from America’s? The answer lies in three letters EAD, the Euro-Arab Dialogue. Bat Yeor describes the EAD as:
The Euro-Arab Dialogue (EAD) began [in 1973] as a French initiative composed of representatives from the EC [now EU] and Arab League countries. From the outset the EAD was considered as a vast transaction: The EC agreed to support the Arab anti-Israeli policy in exchange for wide commercial agreements. The EAD had a supplementary function: the shifting of Europe into the Arab-Islamic sphere of influence, thus breaking the traditional trans-Atlantic solidarity.
In other words, the EAD does not only cements the Arab ant-Israel policy with Europe in exchange for oil (surprise, surprise), it also set European policy apart from America for the purpose of being apart, and oil and, of course ethics, SOME ETHICS!
If you never heard of EAD, do not despair, you are not alone the EU is doing its best to hide the EAD in an assortment of euphemisms and diplomatic jargon. One of the main reasons why Israel has never agreed that Europe be part of the peace talks is the EAD. You see, Israel interpretation of ethics is different.
Have I got the meaning of the word wrong?
© Copyrights Jacob Klamer, 2009 – All rights reserved.
Tags: EAD, ethical investment, Euro-Arab Dialogue, Israel, norway ethics council