Friday, October 13, 2006

Good for Wayne State University for standing against the "Divestment" Campaign

Wayne State University's President, in a letter to the Detroit Free Press has stated the university will not divest from Israel.
As a public institution that encourages learning, free expression and the exchange of ideas, Wayne State University recently was the site of a speech and protest by individuals opposed to the university's investment in Israel.

Wayne State opposes divestiture and has no intention of divesting itself of stocks in companies doing business with Israel or any other legitimate state.

We encourage our students to use their right to free speech, but accusations, acrimony and demands such as divestiture are counter to the intelligent dialogue and free discourse for which this university stands.

In a complex, international economy, divestiture is by no means a responsible approach to influence political or economic policy. Rather, it is my obligation to pursue legal, rational and productive investments on behalf of the institution.

Irvin D. Reid
President, Wayne State University

It should be noted that the group leading the protest Anti Racist Action was not a student organization but an outside one. They were apparently joined by Wayne State Alumni for Divestment coalition in the protest.

Good for Wayne State University for standing up and saying no to this riddiculous and one-sided demand for disinvestment against an American ally and fellow democracy.

No comments: