It's Too Late

To the Editors of The Crimson:

I must dissent from your editorial on South Africa in the Registration issue. It is too late. Divestiture in 1978, when students raised the issue, or in 1979 when the faculty debated it, would have been an important symbolic statement, both to ourselves and to the world. It might have galvanized others to act; who knows, it might have been a catalyst that would have brought pressure for peaceful change that now seems impossible. Divestiture now would be as cynical and irrelevant as Ronald Reagan's sanctions. At this point we would do better to bear the shame of our past record silently. Stephen A. Marglin '59   Professor of Economics