Stephen Curry’s venture firm, Penny Jar Capital, is under fire for investing millions in Zafran Security and Upwind, cybersecurity startups founded by veterans of elite ‘Israeli’ military intelligence units like Unit 8200.
Critics argue these investments—totaling hundreds of millions in funding rounds—conflict with Curry’s role as an NBA social justice champion, accusing the firms of supporting a “digital architecture” used in military surveillance and actions in Gaza.
David_Eight@lemmy.world 2 days ago
Why do so many rich people seem to have little to no morals. This, Lebron with Hong Kong, LIV Golf. How much money do these people need SMH.
pdxfed@lemmy.world 2 days ago
I would say generally the problem is the structure of capitalism is a moral; if you looked at the investments of anyone who has a 401k, there is awful shit companies doing horrific things that go against the need and interests of the person who owns the 401k that they are likely unaware of or at best hold their nose at because it’s part of a bundle of investments or an index fund like the s&p500.
None of that excuses the effects of providing funding, but it’s systematic; rich people just have more money to invest in largely the same system The rich might potentially have better access to those who could help then understand their options but many likely outsource their investment choices to someone with the mandate simply to “responsibly manage” their funds, which for most people unfortunately means to maximize the return. Someone like Steph ostensibly doesn’t want to be funding genocide but unless you are hands on reviewing every opportunity, screening every company, etc. it’s little surprise that Joe schmoe int heir 401k or Shaq in his burger franchises supports horrible outcomes for employees, consumers, or those in other countries.
No excuses for the responsibility any of us bear, and perhaps it’s fair to hold the very wealthy that much more accountable with the opportunities and resources they have to make more informed or deliberate decisions but at the end of the day they are part of an amoral, supremely corrupted system that has been twisted horrifically to be even worse than it need be with no sign of slowing.
The rich don’t deserve any sympathy but they’re not really much different(other than scale) than anyone else in supporting an inhuman system.
David_Eight@lemmy.world 2 days ago
Investing for retirement is way different than owning a venture capital firm. Steph doesn’t need more money, nor does Lebron, nor do those golfers. It’s not about capitalism or lack if money, the problem is lack of backbone. Again, how much money do these people need before they stop making decisions based on money?
falidorn@lemmy.world 2 days ago
How do you think they became rich in the first place?
David_Eight@lemmy.world 2 days ago
By playing sports really well. There’s nothing morally wrong with that lol