Harvard has divested its multibillion-dollar endowment from the tobacco industry and South Africa during apartheid. Now students ask: Why not prisons?
said they left disappointed. Bacow, they said, responded that other students were demanding Harvard divest from all sorts of industries these days, including fast food and corn sweeteners.
The students say that has not happened, but they walked out of the meeting energized. Through the spring semester, the group’s 15 core members held protests, collected more than 4,000 signatures of support and interrupted events that Bacow attended with chants of “Disclose! Divest! Or this movement will not rest!” At commencement in May, hundreds of graduates held up orange pro-divestment signs or wore orange over their black caps. Campaign organizers say protests may continue this fall.
“It is an uphill battle,” Carrillo said of the student effort. “Administrations are not typically receptive to student mobilization, student activism or the student voice influencing how things should be done.”, city and state governments, unions and pension programs that have agreed to divest their financial holdings from prison-related companies and private prison firms. The group has tracked close to $5 billion that has been divested, including hundreds of millions of dollars by universities.
“There’s a narrative in our country that safety for a community is more police, more prisons, a wall,” Carrillo added. “So prison divestment is an important step to get people thinking of a bigger vision for society, but also what concrete, tactical steps to take.”announced a policy
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