Posted by
Locutisprime on Saturday, November 28, 2009 1:03:25 PM
Time is up for short-term thinking in capitalism
This is an interesting little ditty, appearing ostensibly in the
Financial Times this morning, under the joint authorship of Al Gore and
David Blood.
Of course, the premise is that we have gotten it all wrong when it
comes to the causes and effects of capitalism and our present economic
dilemmas. That is why we are presently facing the crisis that we are
concerning the economy according to Mr. Gore and Mr. Blood. Our short
term approach to capitalism is the wrong formula period and apparently
has been all along. We should be (should have been) thinking long term
all along according to these two masters of the economic universe.
And who better to point this out to us and make the necessary
corrections, than our beloved former vice president Al Gore and his
little buddy Mr. Blood. And of course these two as a team while
combining their economics research capabilities, they have identified
the problem and the solution. And now they are prepared to share their
findings with the rest of us. How sweet.
First they identified the problem:
<blockquote><span style="font-style:italic;">The global
financial crisis had its origins in short-term, unsustainable
strategies and actions. Before the crisis and since, we (and others)
have called for a more long-term and responsible form of capitalism –
what we call “sustainable capitalism”. Yet despite our collective best
efforts, one year on, the capital markets seem to be reverting to
business as usual.</span></blockquote>
Then naturally they tendered their own reasoned and considered solution.
<blockquote><span style="font-style:italic;">Winston
Churchill said: “It’s not enough that we do our best; sometimes we have
to do what’s required.” So what is now required? How do we change? In
order to start developing sustainable capitalism, we need to reconsider
the basic building blocks of commerce and markets: accounting,
disclosure, incentives, regulation and
responsibility.</span></blockquote>
Surely their formula denoting incentives, wouldn't even begin to
address oppressive taxes and their economic effect would it? I mean the
regulation and accounting parts of their solution would seem to
immediately negate all incentives as aforementioned. At least that has
been my observation of the socialist plan and mechanism every other
time i have seen it displayed and explained.
We all know and we are all aware of the reputation and generous
accolades lauded upon Al Gore since leaving office, but who is this
David Blood fellow that he has joined partnership with? Well it seems?
David Blood is "The wizard behind Generation Management LLC." And none
other than Al Gore's business partner in his carbon management front
company attempting to further propel and perpetuate the global warming
myth. Al Gore serves as Chairman on the board of Generation Management
it would seem. How convenient.
On a side note, the name of the company says it all IMO. Could there be
a more fitting title for a company whose entire purpose and function,
is that of fostering the socialist ideologies of rogue liberal
extremist environmentalist and global warming? While their collective
celebrity mouthpieces tongue and pen such aberrations of reasoning?
For those interested in peeking inside the minds of a couple of
committed anti American socialists and their extremist mentors in the
environmental sciences, it is well worth the few minutes spent reading
the ramblings of these two leaders in the movement of supposed long
term economic thinking.
Then afterward, sit and contemplate just what it is that they have in
store for you and I, if they ever find the traction and the following
that they so earnestly are pursuing in their quest for power and
control over all of us. And don't forget, for them it's not about the
money or the accolades and celebrity. It's simply about creating a
better environment and a better world for the rest of us.
So why is it that every time Al Gore opens his mouth? I feel like I am getting a digital rectal exam?