You’re probably making money from war. Yes, you.
Do you have a superannuation fund of some kind? An investment fund for when you retire, which will hopefully set you up for a comfortable life-after-work? I do. It’s compulsory in Australia, and back when I was 24 years old (I’m 31 now), I had to pick a fund for the money my employer has to pay into a superannuation fund on my behalf.
When I was 24 I was very worried about how I was going to pay for a trip to Vietnam and Cambodia. I worried about whether my clothes were appropriate for my new government job (mostly, they weren’t). I worried about paying rent, buying a car, and how to get a wardrobe up the curly staircase of my new inner-west share house. I was not very worried about the money I am going to need when I’m old and grey and hopefully wearing fabulous purple hats.
So I chose my super fund based on ease-of-use (i.e. the one with the easiest forms and the catchiest marketing) and promptly forgot all about it. Until I read Damned Nations by Samantha Nutt. This book peeled back yet another layer of ignorance and made me confront something I’ve been steadily ignoring: I don’t know where my super money is invested.
Which means I don’t know if I’m making money from war. But now I know I probably am.
This is because most investment schemes invest in companies which make money from the lucrative sale of weapons, big and small. The world has never ever ever spent as much on weapons and militarisation as it does now, which sadly means it’s very big business. With big profits. Which are attractive to investors. Like your super fund, and mine.
Fortunately other wise people have been on to this horrible practice for a long time and publish lists like the top 100 companies that produce arms so you can find out if the money you have invested is making its way into nasty places like this.
Of course there are ethical investment funds which provide options for doing the right thing with your money, and I plan to investigate these as well. But the problem with these is that they are niche, and will never appeal to the mass market (ok, maybe not never, but I can’t see it happening in my lifetime). So the real challenge is to hold the big guys accountable.
Now I intend to find out if Virgin Money are investing in any of these nasty companies (and expect the answer to be yes), and plan to find a fund which doesn’t make money out of war and the horrible carnage it brings.
It’s straightforward, I don’t want my money funding wars – it makes me furious that finding out if my money is funding wars is so hard.




