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Friday, October 12, 2012

Al Gore Has Thrived as Green-Tech Investor

“The man who was within sight of the presidency 12 years ago has transformed himself, becoming perhaps the world’s most renowned crusader on climate change and a highly successful green-tech investor.

Just before leaving public office in 2001, Gore reported assets of less than $2 million; today, his wealth is estimated at $100 million.

Gore charted this path by returning to his longtime passion — clean energy. He benefited from a powerful resume and a constellation of friends in the investment world and in Washington. And four years ago, his portfolio aligned smoothly with the agenda of an incoming administration and its plan to spend billions in stimulus funds on alternative energy.” (Washington Post)

“A highly successful investor” in that the political means is among the most reliably profitable investments around.

FEE Timely Classic

Capitalism, Corporatism, and the Freed Market” by Sheldon Richman

Private Investment and Public ‘Investment’” by Adam B. Summers