The Invisible Hand of Democracy Wins Two Small Victories Over Colt and the University of California
By Niall Twohig
Free marketeers want us to believe their rationale for halting assault rifle sales and divesting from fossil fuels. We don’t buy it.
Don’t be misled. We, the people, have won two small victories in the struggle for democracy: We forced Colt to stop selling assault rifles to the public. We forced the University of California system to divest from fossil fuels.
Reading statements from Colt and UC financial planners, however, you might think another hand was at play. For them, the invisible hand of the market dictated their decisions. The market compelled them from unprofitable sectors to more viable and equally profitable ones. For them, the choice to halt sales and divest just makes sense, economic sense.
But that’s all nonsense.

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