Monday, 18 November 2024
Trending

Business News

Civil disobedience and calls for financial divestments ‘have an important place in democracy’—but many schools also have donors to worry about

Civil disobedience and calls for financial divestments ‘have an important place in democracy’—but many schools also have donors to worry about


The early months of summer on college campuses are usually bustling with proud parents ready to celebrate students’ years-long efforts to obtain a college degree. 

But this year, many college campuses look very different—and some are eerily empty—as thousands of students and even faculty members established tent encampments on the lawns of nearly 100 campuses in protest of institutional investment in weapons, equipment, and technology that undergird and support the Israeli military campaign in Gaza. Protesting students want their universities to sever partnerships and financial programs connected to the Israeli government and military.

Faced with student protestors’ demands, educational institutions are finding themselves between a rock and a hard place. Divestment can be seen as taking sides when universities aim to stay apolitical, and more critically, it can reduce the financial returns that universities rely on to support their operations and activities. For student protestors, the view is that their university— a moral authority—is profiting from a military campaign they vehemently disagree with. For universities, the view is not nearly as clear cut. The situation means many schools are navigating how to respond to students’ demands and protests, along with the interests of their network of donors—while also managing how their reputations will be affected by each move they make. 

Antisemitism is also a serious concern, given that the basis for the protests arose after the deadliest day for Jews since the Holocaust. Some Jewish students have reported that Pro-Palestinian encampments make them feel less safe on campus, pointing out that some of the chants protestors have adopted are antisemitic and have been co-opted by Hamas to call for the murder of Jews. Although the chant is being used rampantly, for activists, it’s taken on a different meaning, but for some Jews it’s a threat. 

It’s an especially complex decision for schools that have large endowments or networks of donors who can influence the investments and financial decisions of an institution. And making it even more difficult, the aggressive crackdown many schools deployed to dismantle student encampments, including police equipped with riot gear and military grade weapons, has spurred national criticism on the handling of protests on campus. The aftermath of these responses is both sizable and expensive: Thousands of people have been arrested in…

Click Here to Read the Full Original Article at Fortune | FORTUNE…