Today's Wall Street Journal features an antibusiness, anti-capitalism rant by former Vice President Al Gore and David Blood. Both are cofounders of Generation Investment Management, an "eco-predatory accounting" firm. Gore and his partner in crime call for companies to manage their "economic, social, environmental and ethical performance" because threats of "climate change, HIV/AIDS, water scarcity and poverty have reached a point where civil society is demanding a response from business and government."
Steve Milloy of the Free Enterprise Action Fund and JunkScience.com wrote, "Al Gore's op-ed in today's Wall Street Journal calls for businesses to be saddled with so-called 'environmental liabilities' - essentially arbitrary costs and penalties imposed on businesses by junk science-fueled environmentalists. Al Gore is the public face of the new paradigm threatening business today - I call it 'eco-predatory accounting' - the purpose of which is putting businesses under control of radical Greens.”
Blood and Gore end their op-ed with this doomsday command, "More mechanisms to incorporate environmental and social externalities will be needed to enable capital markets to achieve their intended purpose - to consistently allocate capital to its highest and best use for the good of the people and the planet."
Good of the people? Where have we heard that phrase before? Take. Your. Pick.
