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Friday, February 17, 2012

Out: global warming, climate change; in: “unsustainable capitalism”

When the call from progressives to transfer massive amounts of wealth from Western capitalist democracies to poorer nations—supposedly to help them combat the effects of global warming—fell increasingly on deaf ears, progressives abandoned their indirect assault on capitalism.

Now Al Gore is making a frontal attack on the capitalist system.

When the globe seemed not to be warming, the progressives changed their story and preached about the perils of climate change. Gore has tacked again and now has his sights set on what he calls “unsustainable” capitalism.

The former U.S. Vice President wants to overhaul capitalism, which he says has turned many of the world’s largest economies into hotbeds of irresponsible short-term investment. Gore is reported to have said:

“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.”

After making millions from his climate change/global warming activities, Al Gore seems to have found another scheme. He and David Blood are founders of Generation Investment Management.

Gore, chairman of the venture, defended capitalism as “fundamentally superior to any other system for organising economic activity,” but he criticised some of its practices. Gore said he wants to reform capitalism to make it more sensitive to social and environmental issues.

Sounds like another con game to me.

© 2012 Russell G. Campbell

5 comments — This is a moderated blog and comments will appear when approved. Please don’t resubmit if your comment doesn’t appear immediately, and please do not post material that is obscene, harassing, defamatory, or otherwise objectionable.

  1. The only time capitalism is unsustainable is when con men like Gore get involved and start the rip offs. He should with Suzuki be in jail.

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    1. I await the joyous day when they both share a cell.

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  2. Still don't know why this guy is not in jail.At the very least his oscar for his lie of a movie should be taken back.

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  3. Gore is absolutely correct and he's living proof of the evils of capitalism. No sane economic philosophy would countenance this crook running any type of business.

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  4. I suggest that Gore practise what he is preaching. Oh dear I forgot that he just never does that, like our own Suzuki.

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