The Free Enterprise Action Fund was a mutual fund operated by Steven Milloy and Tom Borelli, with the goal of counterbalancing the activities of self-described ethical investment funds. Whereas "ethical investment" funds avoid investments in firms that are accused of damaging the environment or of other negatively regarded behaviours, the Free Enterprise Action Fund sought out such investments, based on Milloy's claim that such criticisms are typically based on political bias or junk science. The fund ceased operations in 2009 and was merged into the Congressional Effect Fund.
Read more about Free Enterprise Action Fund: Controversy, Activism Through The Fund, Financial Results
Famous quotes containing the words free enterprise, free, enterprise, action and/or fund:
“That’s free enterprise, friends: freedom to gamble, freedom to lose. And the great thing—the truly democratic thing about it—is that you don’t even have to be a player to lose.”
—Barbara Ehrenreich (b. 1941)
“It is only when we speak what is right that we stand a chance at night of being blown to bits in our homes. Can we call this a free country, when I am afraid to go to sleep in my own home in Mississippi?... I might not live two hours after I get back home, but I want to be a part of setting the Negro free in Mississippi.”
—Fannie Lou Hamer (1917–1977)
“The chief lesson of the Depression should never be forgotten. Even our liberty-loving American people will sacrifice their freedom and their democratic principles if their security and their very lives are threatened by another breakdown of our free enterprise system. We can no more afford another general depression than we can afford another total war, if democracy is to survive.”
—Agnes E. Meyer (1887–1970)
“His eloquence was of every kind, and he excelled in the argumentative as well as in the declamatory way. But his invectives were terrible, and uttered with such energy of diction, and stern dignity of action and countenance, that he intimidated those who were the most willing and the best able to encounter him. Their arms fell out of their hands, and they shrunk under the ascendant which his genius gained over theirs.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)