Word: ownership
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Dates: during 1970-1979
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...taken aim at an unpopular form of investment. Takeovers, mostly by U.S. firms, account for only 17% of the flow of foreign investment money into Canada, but they are especially noxious to many Canadians because they do nothing directly to expand production or jobs but only transfer ownership to outsiders. Whatever happens in the next election, it would be a grave mistake for U.S. executives to underestimate the deep worry that their operations north of the border cause among many Canadians...
...PALC demand that Harvard divest itself of stock in Gulf Oil: "A series of escalatory acts of protest and civil disobedience against the Federal government, and the support of anti-war candidates, are the only valid actions against the war" (April 22). Such an analysis suggests that Harvard's ownership of Gulf stock is the sole blemish on a pure university...
Clearly Harvard's complicity in American imperialism extends far beyond the ownership of Gulf stock. With such obvious ties to the war machine at home, we must challenge the elitist Harvard assumption that the problem is only "out there...
...contrast to the Crimson strategy of endless and ineffectual off-campus demonstrations, we advocate active support of PALC actions against Harvard ownership of Gulf stock. We support truly massive and disruptive civil disobedience along the lines of Mayday 1971, actions which can raise the domestic costs of the war yet which are more organized and disciplined than trashing...
...someone could give his money to an enterprise, which in turn could give him interest and maybe even something else as well," Kavcic says. His proposal has horrified some Communist purists. Edvard Kardelj, Yugoslavia's chief ideologist and a close associate of Tito's, argues that stock ownership is anti-Marxist because it inevitably involves the "exploitation of other people's work." But the need for more capital may eventually overcome such inhibitions...