Disney dump: South Carolina hopes divestment sparks wave of states to combat woke agendaBy Ramsey Touchberry
The Washington Times
Thursday, December 7, 2023
South Carolina will divest its $105 million in investments portfolio from the “happiest place on Earth” in the latest move by Republican officials against what they call Disney‘s woke liberal agenda.
South Carolina Treasurer Curtis Loftis, who made the divestment decision in the wake of Disney pulling advertising from X over antisemitic content from users and owner Elon Musk, is looking to turn a symbolic action into a snowballing movement.
“Disney will survive, of course, and the state will survive, but we’re making sure people understand we don’t need this type of imbalance in America,” Mr. Loftis told The Washington Times. “The first guy through the door catches the arrows. You step out front, you stand up for what you think is right and then others often follow.”
The money is a drop in the bucket for both The Palmetto State and Disney. South Carolina’s total investments stand at about $41 billion, and Disney is worth nearly $170 billion.
“The effect is not really because we sold their debt; it’s another repudiation of Disney,” said Mr. Loftis. ...
Full story at Washington Times
