Skip to comments.Al Gore takes aim at "unsustainable" capitalism
Posted on 02/16/2012 11:50:30 AM PST by LucianOfSamasota
LONDON, Feb 16 (Reuters) - Former U.S. Vice President Al Gore wants to end the default practice of quarterly earnings guidance and explore issuing loyalty-driven securities as part of an overhaul of capitalism which he says has turned many of the world's largest economies into hotbeds of irresponsible short-term investment.
Together with David Blood, senior partner of 'green' fund firm Generation Investment Management, the environmental activist has crafted a blueprint for "sustainable capitalism" he wants the financial industry to adopt to support lasting economic growth.
(Excerpt) Read more at reuters.com ...
No applause necessary, just throw money!
It is ironic that a former vice president of the greatest country and system of the world blasts and slanders both. Treacherous POS.
“And a mentally-challenged hypocrite shall lead them...”
Would somebody please sew this annoying moron’s pie hole shut.
Thank you in advance.
The Elitists get to live in the big castle up on the hill and watch over everything to make sure no one gets out line. Meanwhile, we serfs will labor in the fields and live in sustainable huts and pay our taxes. Voila! The new face of Capitalism!
This is soooooo yesterday and is trying very hard to have a reason for his existence.
He has identified one problem, but his fix is like any liberal fix, not thought out and will generate unintended consequences.
The problem is the short sighted nature of American business. Everything is about this quarter’s report. This is murder for R&D. So, Al’s fix? Eliminate quarterly reports!
Al, go back to Global Warming.
Could you tell us just one instance where you’ve shown that you are capable of having an idea?
Al Gore is a damn fool.
He’s made a fortune as a result of capitalism.....HUGE homes, private jet, etc. yet he slams the very system that made him wealthy beyond his wildest dreams.
He’s a fraud and a hypocrite.
So, does he want the US to try some Marxism for a change? What a great idea!.. its failed everywhere and everytime its been tried, but it might just work this time!
It’s shysters like Al who give capitalism a bad name.
Oh, shut up, Al. You have been so wrong on the “global warming” front, we have no reason to think you know your behind from a hole in the ground let alone anything about capitalism.
That might be a good tagline:
Socialism is Unsustainable!
Duhhh...he brings REAL value to that Board - NOT!
algore, anal orifice desperately seeking relevance. And your $$.
Al got his ..who else matters.
Increased federal deficits lead to increased government debt which leads to higher interest rates. Increased federal deficits also lead to higher taxes which lead to decreased savings which lead to decreased supply of funds available for lending which leads to higher interest rates. Higher interest rates lead to lower rates of profit on private investments. Higher interest rates also lead to higher cost of capital.Lower rates of profit on investments and higher capital costs lead executives and investors to favor short-term and low risk investments. Low risk and short term investments lead to less technical progress and fewer technological advances which are necessary for economic progress and higher average standard of living. In other words, government interventionism is the cause of the increase in short term investment, not capitalism.
This is our royalty. At least, Prince Charles, his sons and his father served in Britain’s armed forced. Our princelings like Goron, Chelsea Hubbell, the Kennedys, etc, never had to do a damn thing. Sickening state of affairs.
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