Al Gore writes about politics and economics
Al Gore kicks off his campaign for 2004 by kicking George Bush in the teeth. It’s framed as a call for people to elect Democrats to Congress this year, but it’s also a salvo across the bow for the next Presidential election. I’m sure that those who bother to comment on it will cast it as a return to Gore’s so-called populist campaign, but he makes the point that his approach isn’t anti-business, just anti-corruption. And I agree with him. To save American capitalism, the market has to be made to operate in a way that’s fair to all investors, not tilted toward to wealthy and powerful. They’ll have more than enough riches in a system that operates properly. And in the long run, they’ll make more money, because their businesses will be more likely to survive when they’re operated in a transparent manner that allows investors to direct money to where the returns are truly the greatest, not where revenues are an illusion. It’s necessary to destroy the incentives to theft in American capitalism in order to save it.
Posted at 8:27 PM