Students protesting against Israel at Columbia and elsewhere probably aren’t persuading the average American voter.
An alien who landed on our planet during the current news cycle could be forgiven for concluding that the biggest foreign policy issue facing America today is what the U.S. government should do about Columbia University’s occupation of the Palestinian territories. Otherwise, why would throngs of protesters be crowding the campus to protest actions more than 5,000 miles away?
, from running private prisons to manufacturing firearms to producing fossil fuels. Many of these activists appear to have been inspired by the late 20th-century global campaign of boycotts, divestment and sanctions against South Africa, which is often credited with helping end apartheid in that country.
Stock prices can still influence company management decisions through indirect effects, but only to a point. If a company urgently needs to raise money for investment, a sell-off could make that harder. It also might make the now-poorer shareholders angry with management.
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