Why are American pensions and mutual funds investing $251 billion in Chinese equities and bonds built on child and slave labor?
http://dailytorch.com/2020/08/why-are-american-pensions-and-mutual-funds-investing-251-billion-in-chinese-equities-and-bonds-built-on-child-and-slave-labor/
U.S. mutual funds and pension funds, including private, state and local government pensions, have invested about $251 billion in Chinese equities and bonds including Hong Kong, according to an Americans for Limited Government estimate of U.S. Treasury data. That is out of a total of $381 billion that U.S. residents have invested in China and Hong Kong as of April 2020, according to the U.S. Treasury. Here’s the problem. A good chunk of the investment that includes manufacturing in China that is built on child and slave labor, according to the annual report on child and forced labor by the Department of Labor Bureau of International Labor Affairs, including any investment in companies producing textiles made by child labor, artificial flowers, Christmas decorations, coal, footwear and garments and nails made by forced labor, and bricks, cotton, electronics, fireworks and toys made by child and forced labor. Meaning, because millions of U.S. investors and pensioners own tens of billions of dollars of shares of these companies who are abusing their labor forces, we are effectively slave owners — despite having abolished slavery 155 years ago in 1865 at the end of the Civil War. What do you think?
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