College endowments are much flashier than they used to be. They frequently reach into the billions of dollars; they attract top investing talent; and, most notably, the majority of their money is in "alternative" investments like private equity and hedge funds. Is this hurting students' ability to be proper idealists?
The precocious and progressive young students of Swarthmore College are currently urging their school to completely rid itself of any investments in fossil fuels. The school pointed out that this move could potentially raise each student's tuition costs by $13,000 per year. Is there any way to make divestment work?