Thursday, February 16, 2012

Al Gore calls it unsustainable capitalis and of course he has the cure.

Reading through this most recent rail against capitalism ii it any wonder where it is coming from. None other than former VP Al Gore and his buddy and investment anti capitalist David Blood. These two birds are the ones seen ranting in this piece about the evils of unrestrained capitalism, all the while they are the exact same two fellows who have made millions off of their own anti capitalist environmental schemes surrounding global warming.

Read more about their latest scheme HERE
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.
"While we believe that capitalism is fundamentally superior to any other system for organising economic activity, it is also clear that some of the ways in which it is now practised do not incorporate sufficient regard for its impact on people, society and the planet," Gore said.
At a briefing ahead of Thursday's launch, David Blood said capitalism has been blighted with short-termism and an obsession with instant investment results, which had ramped up market volatility, widened the gap between rich and poor and deflected attention from the deepening climate crisis.

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