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Al Gore takes aim at "unsustainable" capitalism
Reuters ^ | Feb 16, 2012 | Sinead Cruise

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 ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: commie; pompouswindbags
Yes you heard it right! After inventing the internet and Global Warming, the Cap and Trade $100,000,000 market king is going to 'fix' free market capitalism!

No applause necessary, just throw money!

1 posted on 02/16/2012 11:50:41 AM PST by LucianOfSamasota
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To: LucianOfSamasota

It is ironic that a former vice president of the greatest country and system of the world blasts and slanders both. Treacherous POS.


2 posted on 02/16/2012 11:54:38 AM PST by InsidiousMongo
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To: LucianOfSamasota

“And a mentally-challenged hypocrite shall lead them...”

Would somebody please sew this annoying moron’s pie hole shut.

Thank you in advance.


3 posted on 02/16/2012 11:55:03 AM PST by PBRSTREETGANG
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To: LucianOfSamasota
"Sustainable Capitalism" == Progresive Marxism

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!

4 posted on 02/16/2012 11:55:26 AM PST by ClearCase_guy (I am pro-Jesus, anti-abortion, pro-limited government, anti-GOP.)
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To: LucianOfSamasota

This is soooooo yesterday and is trying very hard to have a reason for his existence.


5 posted on 02/16/2012 11:56:12 AM PST by basil (It's time to rid the country of "gun free zones" aka "Killing Fields")
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To: LucianOfSamasota

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.


6 posted on 02/16/2012 11:57:23 AM PST by brownsfan (Aldous Huxley and Mike Judge were right.)
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To: LucianOfSamasota; Registered

7 posted on 02/16/2012 12:05:28 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: LucianOfSamasota

Dear AlGore,

Could you tell us just one instance where you’ve shown that you are capable of having an idea?


8 posted on 02/16/2012 12:07:01 PM PST by Da Coyote
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To: LucianOfSamasota

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.


9 posted on 02/16/2012 12:09:07 PM PST by july4thfreedomfoundation (I'm NOT smitten' with Mittens)
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To: LucianOfSamasota

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!


10 posted on 02/16/2012 12:10:52 PM PST by C210N (Dems: "We must tax you so that we can buy your votes")
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To: LucianOfSamasota

It’s shysters like Al who give capitalism a bad name.


11 posted on 02/16/2012 12:19:04 PM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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To: LucianOfSamasota

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.


12 posted on 02/16/2012 12:28:19 PM PST by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: july4thfreedomfoundation
Al Gore is a damn fool...

Actually he's a double-talking low life sack of excrement who preys on ignorance and fear to amass wealth for himself and his cronies. This strategy has been pretty lucrative so far for him, which is hardly being a fool. It is the general public who have swallowed his lies and have enriched him who are the fools.
13 posted on 02/16/2012 12:30:47 PM PST by SpaceBar
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To: LucianOfSamasota
If anything is unsustainable, it socialism. Plenty of examples exist.

That might be a good tagline:

Socialism is Unsustainable!

14 posted on 02/16/2012 12:56:21 PM PST by rllngrk33 (Things will continue getting worse until January 21, 2013.)
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To: LucianOfSamasota
Gore still sits on the Board of Apple Computer...the largest (by Market Cap) corporation in the world.

Duhhh...he brings REAL value to that Board - NOT!

15 posted on 02/16/2012 12:57:21 PM PST by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: LucianOfSamasota

algore, anal orifice desperately seeking relevance. And your $$.


16 posted on 02/16/2012 1:01:17 PM PST by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
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To: LucianOfSamasota

Al got his ..who else matters.


17 posted on 02/16/2012 1:15:17 PM PST by TASMANIANRED (We kneel to no prince but the Prince of Peace)
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To: LucianOfSamasota
he says has turned many of the world's largest economies into hotbeds of irresponsible short-term investment.

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.

18 posted on 02/16/2012 1:31:48 PM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: LucianOfSamasota

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.


19 posted on 02/16/2012 1:40:01 PM PST by Revolting cat! (Let us prey!)
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To: LucianOfSamasota
Algore is a perfect example of “Sustainable Stupidity”.
20 posted on 02/16/2012 1:46:44 PM PST by gov_bean_ counter (Yo Mitt - Money can't buy you love...)
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To: LucianOfSamasota

When will this scumbag just leave us alone? Go find another country to pilfer.


21 posted on 02/16/2012 1:57:02 PM PST by marygam ((Hurry November 2012, we might not make it))
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