Thursday, February 16, 2012

Al Gore's New Scam: Sustainable Capitalism

Sounding like a badly-formed character from Atlas Shrugged, Al Gore today outlined a blueprint for reforming capitalism—because, as now practiced, it does not "incorporate sufficient regard for its impact on people, society and the planet." Borrowing one of the great buzzwords of the last decade, he dubs this claptrap "Sustainable" Capitalism. Stripped of its New Age psychobabble, he is essentially calling for banning "irresponsible short-term investment." You see, as Al sees it, quarterly earnings lead to bad things like people ignoring fake climate crises.

Of course, this scheme has nothing to do with economics—just as his climate scam had nothing to do with the environment. It's all about coercion and control. For example, he also proposes "significant changes in corporate compensation structures, putting more emphasis on bonuses linked to multi-year performance instead of individual fiscal years." So, if Al had his way, his cadre of international bureaucrats would police the boardroom as well. Is it any coincidence that the same week that this tripe is rolled out, the Obama Administration is calling for a "global minimum tax"? Not bloody likely. As one wag aptly put it, "Al Gore is not sustainable".