Thursday, May 02, 2024

From the Encampments

We are currently witnessing the largest, most consequential student protest movement in a generation. But mainstream media have given remarkably little space and airtime to the young people putting themselves on the line. Here, in their own words, gathered before the brutal crackdowns administrations and police authorized this week, are some of the protest leaders, articulating their carefully formed ideas and demands:

Nearly every student encampment has set out demands tailored to their campus. Yet common and central to each of these groups’ demands is divestment – that is, demanding their university withdraw its investments in companies that either do business with Israel or materially provide support for the occupation. Universities in the United States are massive financial institutions, who invest billions in assets to provide revenue. How big of a player are Universities in the world of finance? Columbia University’s endowment totaled $13.6 billion last year alone. Where does the money go? It goes into traditional investment portfolios meant to maximize returns; included in these portfolios are  weapons manufacturers like Lockheed Martin and Raytheon. Some Universities have as much as $52.5 million invested in weapons manufacturing alone.

In targeting universities for divestment, student protests across the country are not about citizens exercising their First Amendment rights, nor are they a mere ideological struggle over a conflict the students themselves are divorced from; student encampments target institutions ostensibly accountable to them, in a way that aims to prevent their material support for the occupation. The ties between a university campus and the violence propagated by capital investment are close and tangible. Not only do universities pour billions of dollars into the companies providing the material means of Israeli occupation, but figures within those companies find themselves looped back into the university’s administration. For example, Larry Fink, CEO of BlackRock, sits as an officer of the Board of Trustees for NYU, a university which violently swept its campuses own encampment demanding divestment from the company he heads. (Maeve Vitello, New York University)



from Longreads https://ift.tt/VsMIG1a

Check out my bookbox memberships! 3, 7, or 15 vintage books a month sent to organization of your choice, or to yourself!
https://ift.tt/UPdXBlo