The only 'community ethics' which bind us all are laws . . . The university's purpose is scholarship - its assets must be maximised (within the law) to facilitate this . . . I can't help but notice that the income from ethically unsound investments has not got so much blood on it that the protesters refused to come to st andrews...
puzzled, try applying SOME DEGREE OF THOUGHT TO THIS ISSUE, rather than just saying the first thing that comes to mind.
i. There are ethical constraints, and then there are laws. The two are separate. You're under an obligation not to rape, murder, abuse people, etc.,
even if there is absolutely no chance that you may get caught
ii. The university's purpose is 'scholarship', is it? This is evidently wrong; it's also there for education, teaching, mutual support, etc, but I'll let that pass. Suppose the university's purpose
is scholarship. Nothing follows from this: it doesn't entail that people take any legally permissible means to support it. Plagiarism isn't strictly illegal, but it *is* unethical, and that's why you shouldn't engage in it. If you know anything about how scientific research works, you'll know that there are ethics committees which govern certain kinds of experiment. This isn't a legal issue, it's an ethical one. Just because something has a 'purpose' doesn't mean that any means to that end are justified. The purpose of a gun is to kill people, but that doesn't justify gunning down innocents.
iii. Your 'dirty hands' objection completely misses the point. If people stopped going to universities because those universities engaged in unethical activities, they'd never get to the level of engagement required to do anything about it. You don't change the system by boycotting it; you change it by getting involved, and making use of it. It's an obvious point, but you've missed it.
iv. You've also failed to respond to my point (I thought it was also pretty obvious, and a pretty damaging point as far as you rposition goes); namely that there are instances, hypothetical or otherwise, where only a complete idiot (or a psychopath) would think the university should prioritise income over ethics. If it were legal to invest in a company which specialised in distributing racist literature - and profitable - do you think the university should do so? If buying shares in Mugabe's regime were possible, profitable, and legal - would you do so?
Like I said, try thinking about it.