[arctangos]

There is a financial concept known as universal ownership. The gist of it is that most investors are more affected by the overall returns of the market than by the returns of individual stocks. As a result, rational investors should sometimes vote against their individual holdings’ short term interests in favor of the long-term interest of the economy. Limiting antibiotics for livestock is one of these. Not feeding cows chicken would seem to be another obvious one.

Unfortunately, many financial institutions have been slow to pick this up and may soon have an opportunity to learn about the consequences.