Let a hundred SRIs blossom. It is not socially responsible to introduce new systemic investment risks.

Sir, Chris Flood writes that “Autorité des Marchés Financiers, the French regulator… analysed all the public documents from a sample of 100 French and non-French Socially Responsible Investment (SRI) funds… and found that the funds’ regulatory documents and marketing materials varied considerably in quality, leading to confusion” “Standards for socially responsible investment too sloppy” December 7.

So what? Is it not much more dangerous if all SRI’s are too regulated, too equal, too compatible with conventional correct political thinking, too much potential generators of systemic risks? No! Vive la confusion!

@PerKurowski ©