“The financial crisis has reinforced our view that sustainable development will be the primary driver of economic and industrial change over the next 25 years,” according to a Wall Street Journal article by former US vice president Al Gore and David Blood, managing partner of Generation Investment Management.
Gore and Blood call for a change in the current model of market capitalism which has been too focused on the short term - ”quarterly earnings, instant opinion polls, rampant consumerism and living beyond our means”.
“At this moment, we are faced with the convergence of three interrelated crises: economic recession, energy insecurity and the overarching climate crisis. Solving any one of these challenges requires addressing all three.” Read more
Source: WSJ
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