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February 08, 2005

Catholic Social Investing

Matt over at TAPPED highlights conservative social investing options -- in this case the rightwing Catholic Ave Maria mututal funds -- to make the point that the limited investing options means conservatives will find themselves with personal investments through Social Security accounts in pornography and health care outfits performing abortions.

It's a nice point, but he plays into rightwing definitions of religion when he refers to Ave Marie funds as a "Catholic version of the sort of socially responsible investing that liberals are no doubt familiar with." In fact, the Catholics Bishops already officially promote socially responsible investments where they specifically highlight issues like "labor relations, affirmative action, affordable housing" as key priorities for Catholic social investing-- quite different from the limited version promoted by Ave Marie. There are Catholic funds like Aquinas which specifically invest following the whole range of Catholic values-- not just the right wing version.

Posted by Nathan at February 8, 2005 01:23 PM