Written by PETA
If you're looking for a place to plant some cash, Goldman Sachs might not be a wise investment. That probably doesn't surprise many of you, seeing as how the firm is facing fraud lawsuits for its questionable mortgage-trading activities. But did you know that Goldman is also involved in some shady factory-farm deals in China? As the executive director of Brighter Green recently pointed out, Goldman paid $300 million for 10 intensive poultry farms in China in 2008.
If you listen closely, you can still hear the "ca-ching!"
While the number of vegetarians in the U.S. grows every year, meat consumption has quadrupled in China since 1980. Filthy U.S.-style factory farms are becoming increasingly common there, and while Goldman has outsourced its factory farms, it retains control over the prices of the meat it sells. Goldman clearly wants a portion of the cash cow. But I don't guess that Goldman is concerned about investing in the future, considering that more factory farms means more death, pollution, and other environmental consequences.
I'm no high roller, but even if I were, I wouldn't be casting my lot with Goldman Sachs. I prefer savings that can't be put in the bank: animals' lives and the environment. How about you?
Written by Heather Moore
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Almost all of us grew up eating meat, wearing leather, and going to circuses and zoos. We never considered the impact of these actions on the animals involved. For whatever reason, you are now asking the question: Why should animals have rights? Read more.