Friday, July 27, 2012

quote for the day

"To leave it to capitalism to get us out of this fix by maximizing its short-term profits is dangerously naïve and misses the point: capitalism and corporations have absolutely no mechanism for dealing with these problems, and seen through a corporate discount rate lens, our grandchildren really do have no value."

Jeremy Grantham, Your Grandchildren Have No Value (And Other Deficiencies of Capitalism)

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