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| Topic: Al Gore and His Latest Scam | |
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Al Gore takes aim at "unsustainable" capitalism.
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. These include ending quarterly earnings guidance from companies, which the authors said incentivised executives and investors to base decisions on short-term factors at the expense of longer-term objectives. Companies have also been encouraged to integrate financial reporting with insight on environmental, social and governance policy so investors can clearly see how performance in the latter can contribute to the former. http://www.reuters.com/article/2012/02/16/sustainablecapitalism-idUSL5E8DG45E20120216/ |
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Edited by
Leigh2154
on
Fri 02/17/12 04:51 AM
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This just might be Gore's most "creative" work to date...
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Edited by
Conrad_73
on
Fri 02/17/12 04:55 AM
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Al Gore takes aim at "unsustainable" capitalism. 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. These include ending quarterly earnings guidance from companies, which the authors said incentivised executives and investors to base decisions on short-term factors at the expense of longer-term objectives. Companies have also been encouraged to integrate financial reporting with insight on environmental, social and governance policy so investors can clearly see how performance in the latter can contribute to the former. http://www.reuters.com/article/2012/02/16/sustainablecapitalism-idUSL5E8DG45E20120216/ Wonder where the Heck he's found Capitalism anyhow. Fecker is apparently not rich enough yet,or just set into his Swinish Indulgence! |
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This just might be Gore's most "creative" work to date...
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Edited by
InvictusV
on
Fri 02/17/12 05:02 AM
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He is a microcosm of the previously anti-war then anti-industrial now anti-capitalist movement of the progressive leftists..
They just roll with the tide and whatever new agenda comes along they just change their signs and slogans to fit it.. They own no core beliefs.. They just see where they can exploit an issue and all pile on.. Hypocrisy be damned.. |
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He is a microcosm of the previously anti-war then anti-industrial now anti-capitalist movement of the progressive leftists.. They just roll with the tide and whatever new agenda comes along they just change their signs and slogans to fit it.. They own no core beliefs.. They just see where they can exploit an issue and all pile on.. Hypocrisy be damned.. Go left young man, go left.... |
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He is a microcosm of the previously anti-war then anti-industrial now anti-capitalist movement of the progressive leftists.. They just roll with the tide and whatever new agenda comes along they just change their signs and slogans to fit it.. They own no core beliefs.. They just see where they can exploit an issue and all pile on.. Hypocrisy be damned.. Go left young man, go left.... I can't go much further right... but I sure as hell aren't going left.. hahaha |
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He is a microcosm of the previously anti-war then anti-industrial now anti-capitalist movement of the progressive leftists.. They just roll with the tide and whatever new agenda comes along they just change their signs and slogans to fit it.. They own no core beliefs.. They just see where they can exploit an issue and all pile on.. Hypocrisy be damned.. Go left young man, go left.... I can't go much further right... but I sure as hell aren't going left.. hahaha DITTO !!!!! |
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He is a microcosm of the previously anti-war then anti-industrial now anti-capitalist movement of the progressive leftists.. They just roll with the tide and whatever new agenda comes along they just change their signs and slogans to fit it.. They own no core beliefs.. They just see where they can exploit an issue and all pile on.. Hypocrisy be damned.. Go left young man, go left.... I can't go much further right... but I sure as hell aren't going left.. hahaha If you don't wish to go left. and by Conscience cannot go right any further. Stand UP! |
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Al Gore takes aim at "unsustainable" capitalism. 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. These include ending quarterly earnings guidance from companies, which the authors said incentivised executives and investors to base decisions on short-term factors at the expense of longer-term objectives. Companies have also been encouraged to integrate financial reporting with insight on environmental, social and governance policy so investors can clearly see how performance in the latter can contribute to the former. http://www.reuters.com/article/2012/02/16/sustainablecapitalism-idUSL5E8DG45E20120216/  Someone needs to tell these clowns that laissez-faire capitalism was squelched more than 100 years ago in this country.
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