This Man Was Almost Elected President of the United States! | The Beacon — Al Gore and the “sustainable capitalism”
This Man Was Almost Elected President of the United States! | The Beacon
Goods like phones and televisions produced as recently as a decade ago don’t measure up to what is available now. Twenty-first century capitalism is more productive than capitalism ever has been.
Mr. Gore is especially critical of the financial system, and the fact that investors rapidly turn over their portfolios. This liquidity is one reason why capitalism works so well. Entrepreneurs can raise money in financial markets, and one reason people buy securities is because they are very liquid, so people aren’t locked in long-term as Mr. Gore would prefer.
