Columbia Has Divested Before: Here's What Happened | WSJ

Published 2024-05-06
Many pro-Palestinian student protesters are demanding schools drop Israel investments. The demands vary from school to school.

At Columbia University, protesters are pressing for the sale of holdings tied to companies allegedly profiting from Israel’s actions like Google, Amazon and Airbnb. At Yale and Cornell, students have called for their schools to divest themselves of weapons manufacturers involved in Israel’s campaign. But how does divestment work at universities?

WSJ explores the history of divestment movements at schools and the challenges involved in modern divestment initiatives.

Chapters:
0:00 Protesters calling for divestment
0:35 Divestment, explained
2:22 Past divestment initiatives
4:04 How endowments work

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All Comments (21)
  • @Tourian
    Why are American universities even investing in weapons manufacturers? Am I the only one thinks this is insane????
  • @mikekane2492
    I didn't realise Matt Damon was so involved in economic sociology
  • @edwardlwittlif
    Let's not revise history, WSJ. As a result of divestment and sanctions, the value of the South African rand dropped dramatically during the 1980s. That economic pressure did help to end apartheid. The citation at 5:44 is misleading. The study's focus is narrow, examining whether specific acts of divestment made a dent in economic valuations. But the divestment campaign's success was cumulative . The successful divestment protests created a political environment that facilitated capital flight from South Africa, as doing business with South Africa became a toxic PR nightmare and the political support for government sanctions grew. The value of the rand didn't drop for no reason, and capital didn't gush out of South Africa for no reason.
  • @Chestermcfly420
    You have to understand the aggressors can never be the victims. If you start a war with babies and women you’re not the victims you’re the ones who started the war. It’s not a genocide when you start a war and then all of a sudden you start losing that’s not a genocide that’s losing the war that you started with babies and women.
  • @oussamak7747
    What about they stop using Amazon and Google themselves.
  • "Keep in mind, the news media are not independent; they are a sort of bulletin board and public relations firm for the ruling class-the people who run things. Those who decide what news you will or will not hear are paid by, and tolerated purely at the whim of, those who hold economic power." — George Carlin
  • Why are we listening to Charlie Eaton? This guy has no idea what he’s talking about. What credibility does he have besides being a professor at one of the worst UC’s in California. Merced is the school students usually put at the bottom of their fall back colleges.
  • @kenwash9
    No word on the hypocrisy of calling to divest Israel but leaving China, Iran, Syria, Russia all in?
  • @TomNook.
    The boycott and divesting will fail. Unlike south Africa, US and Israeli companies are involved in core technologies and services with no viable alternative in all important sectors eg. Finance, food, Comms, healthcare.
  • @SundeepI9
    I think in a few days we will get lecture US about human rights of minorities, as they used to lecture india.
  • @biogen1768
    Do better WSJ. In PE, a principal’s money is locked up for 5-10 years. And if a school breached this contract and yanked their money early after giving an ultimatum RE divesting from Israel, that would be illegal and they’d be blackballed from the industry. Why did you not go more in depth here- demands for immediate divestment are both poorly defined and legally obtuse
  • @jawedmanowar657
    Such an Shameful act that University place where Education and knowledge is imparted is taking money from weapons manufacture and lobbyist and profiting from colonial occupation and supporting Apartheid It seems Money is more Important, rather Upholding Justice and Law
  • @justpray365
    I wonder if all of those nice tents were purchased from Amazon?! I would like to have one.
  • @seandelaney1700
    The effect it may or not have might be irrelevant, the point might be the students don't want to be associated with a society that behaves unethically. And if they are such a minor stake in the portfolio it should be relatively easy to do in my finance experience.