Boston Common Asset Management bills itself as “a leader in global sustainability initiatives.” Why would an investment portfolio management company label itself with the appellation “Common” when it carries such negative baggage? As it turns out, BCAM embraces “common” as something positive.
From the BCAM website:
Beginning in 1634, the Boston Common served as a common pasture for cattle grazing. As a public good, the Common was a space owned by no one but essential to all. We chose the name Boston Common because, like the Common of old, our work stands at the intersection of the economic and social lives of the community.
Never mind all that John Locke hootie-hoot about private property being the cornerstone of a free society. Please ignore all the papal encyclicals from Pope Leo XIII’s Rerum Novarum onward that champion private property. Oh, yes, and completely disregard the U.S. Constitution, which codifies private-property rights, and pay no attention to the “tragedy of the commons” which inexplicably is ignored here.
One has to give BCAM credit, however, for consistency. They really, really despise privacy whether it’s property, political donations or corporate lobbying (although it’s also assumed they have no issue with the “penumbra of privacy” suddenly discovered in the U.S. Constitution by members of the Supreme Court after somehow every other legal mind overlooked it for nearly two centuries). Privacy for everything else apparently is subject to eradication in BCAM’s book. (more…)